Tuesday, 21 September 2010

Iran deliberates policies to counter UN sanctions

The head of Iranian Parliament's Economic Committee, Arsalan Fathipour, has said that Iranian parliament has outlined a number of policies aimed at countering the UN sanctions over the country's nuclear programme.

Fathipour said the changes related to a number of areas including trade, transport and foreign exchange, but gave no details of the measures outlined, saying the policies will be conveyed to the speaker of the parliament, Ali Larijani, in due course.

Earlier in June, the UN passed a fourth round of sanctions against Iran restricting the country's financial transactions, and later additional sanctions in July targeting Iran's business trade with international companies.

Talking about the sanctions, US Secretary of State Hillary Clinton said that UN-backed sanctions are “biting” Iran's economy, and added that, “The Iranian regime is quite worried about the impact”.

The Iranian government, however, has adamantly denied the sanctions' effectiveness on the country's economy and has said that they hace not impacted Iran's nuclear program.

Source: Bloomberg

For more news and expert analysis about Iran, please see Iran Strategic Focus.

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