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News ID: 46924
Iran » Iran
Publish Date: 21:44 - 14 July 2020
Tuesday, 14 July 2020_Iran’s President Hassan Rouhani says the country has managed to overcome the US sanctions and emerged victorious in Washington’s economic war by cutting reliance on oil revenues.

Iran emerged victorious in US economic war by cutting reliance on oil: RouhaniRouhani made the remarks while addressing a meeting of the government’s economic coordination headquarters on Tuesday on special plans and policies formulated by his administration to overcome the ongoing economic problems caused by the American bans.

“The Americans were expecting that the country’s economy would grind to a halt shortly after the sanctions came into force, but today we have succeeded in running the country with planning and reliance on a non-oil economy,” the president said.

“This is a display of power and a major victory for the Iranian nation in the [US] economic war,” he added.

He emphasized that the country's management under such difficult conditions showed that the Iranian nation is capable enough to prevent the US from achieving its goals.

Iran has been under the “toughest ever” US sanctions since May 2018, when Washington abandoned the international nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), signed between the Islamic Republic and major world powers in 2015.

After quitting the deal, the US under President Donald Trump unleashed a “maximum pressure” campaign mainly aimed at paralyzing Iran’s banking sector and driving to “zero” its oil exports — the country’s main source of income.

Faced with the obstacles that the US has been creating in the way of its oil sales, Tehran has stepped up work to wean the country off oil revenues and diversify its economy.

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