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New EU sanctions against Iran will be useless

05 July 2012 [19:35] - TODAY.AZ
Iran's nuclear chief Fereydoun Abbasi says the new round of sanctions by the European Union against Tehran's oil and banking sectors will have no impact on the country's nuclear activities, PRESS TV reported.

"Many scientific and industrial technologies in the country, including the nuclear energy industry, have developed and achieved self-sufficiency despite the 30-year sanctions; therefore, the new sanctions will have no impact on the continuity of these activities," the head of the Atomic Energy Organization of Iran (AEOI) said on Thursday.

He dismissed the adversary powers' claims that the new sanctions would force Iran into submission to the West's demands and added that the Islamic Republic has achieved self-sufficiency in various fields such as the nuclear energy industry, despite decades of sanctions on Iran.

The AEOI chief further stated that Iranian experts will counter the new sanctions and continue on their path of success.

On July 1, the EU sanctions against Iran's oil and financial sectors came into effect.

The sanctions prevent all the EU member states from purchasing Iran's oil or extending insurance coverage for tankers carrying Iranian crude.

The US administration in late March approved sanctions on Iranian crude oil sector, which penalize other countries for buying or selling Iranian crude oil. The sanctions were scheduled to come into effect on June 28.

The sanctions have been slapped based on the allegation that Iran is seeking to acquire a military nuclear capability.

Tehran refutes such allegations, noting that frequent inspections by the International Atomic Energy Agency have never found any diversion in Iran's nuclear energy program toward military purpose.


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