‘EU sanctions on Iran are psychological warfare’

Iranian ambassador to Austria has described the European Union's sanctions on the Islamic Republic as psychological warfare, saying the country's central bank has no financial assets in the EU.

Ebrahim Sheibani pointed to the terms of EU sanctions and said they involve a ban on the sale of gold to Iran “while EU has not sold any gold to Iran for the past five-six years.”

Sheibani, who is the former governor of the Central Bank of Iran (CBI), also mentioned that Iran has not purchased any diamond from the EU in the past 32 years.

Commenting on the EU sanctioning the Iranian oil, Sheibani said that about 82 percent of Iran's oil is exported to non-European countries and the remaining 18 percent will easily find its way to other markets. He also referred to the 20-30 percent increase in oil prices, saying that Europe's ban on Iran's oil has no effect on the country's revenues.


/PressTV/