Nov 12, 2018 13:15 Asia/Tehran

Iran's first Vice-President Eshaq Jahangiri said, supporting economic enterprises is the main policy of government faced with new sanctions.

Iran Press/Iran News: Attending at the introduction ceremony of Mohammad Shariatmadari as new Minister of Cooperatives, Labour and Social Welfare, Eshaq Jahangiri added,unemployment and reduction of purchasing power is the main issues which threat country's economic situation under sanctions.

Jahangiri stressed that creation of job is the main issue and should be on the agenda,Iran Press reported.

He also said, economy under sanctions will face with depression and if we have no plan for employment under sanction period, consequence of sanction will be decreased working power and increase unemployment.

Related News: Referral ceremony of Iran's minister of labor

Today,the referral ceremony was held in Tehran in the presence of Iran's First Vice President Eshagh Jahangiri.

Iranian President Hassan Rouhani appointed Mohammad Shariatmadari as Minister of Cooperatives, Labour and Social Welfare.

So government, officials, economic managers and head of enterprises should make decisions to overcome depression, Iran's first Vice-President said.

Related News: Iran describes U.S. new sanctions as 'not alarming'

Eshaq Jahangiri remembered that" before beginning of sanctions, we set up headquarters for facilitation of production in the all provinces, and today these HQs should cooperate with banks and other financial institute to Support job creation and protect the existing jobs. The creation of new jobs should be among the priorities.

The first round of American sanctions took effect in August,targeting Iran's access to the US dollar, metals trading, coal, industrial software, and auto sector.

Related News:

US unilateral sanctions on Iran take force

France, Germany, Britain and the European Union issued a joint condemnation of the United States’ move to place fresh sanctions on the Iranian economy, vowing to protect European companies doing "legitimate" business with Tehran.

Second round of US sanctions targets Iran's oil and financial sectors, and came into force on 5 November.

The US Treasury Department added 700 individuals, companies, banks, aircraft and Iranian ships to its sanctions list.105/205


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