Iran dismisses threat of EU oil sanctions

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Iran dismisses threat of EU oil sanctions

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Iran is not worried by EU moves to ban its oil imports and insists it will survive them as it has other Western sanctions.

Those comments were made by Foreign Minister Ali Akbar Salehi in a joint press conference in Tehran on Thursday with his Turkish counterpart Ahmet Davutoglu.

“Iran, with divine assistance, has always been ready to counter such hostile actions and we are not concerned at all about the sanctions,” Salehi said.

“Just like we have weathered the storm in the last 32 years with the help of God and efforts that we make, we will be able to survive this as well.”

The EU is expected to finalise the export ban by the end of the month with the aim of cutting off funding for Tehran’s nuclear programme.

Oil exports accounts for more than half of the Iranian government’s revenues.