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Iranian President: Western companies circumventing Iran sanctions

07 March 2011 [13:18] - TODAY.AZ
That U.S. and European companies are circumventing sanctions to cooperate with Iran, Iranian President Mahmoud Ahmadinejad said in an interview with reporters, Tehran Times reported with reference to Fars news agency.

"Many U.S. and European companies are trying to get around the sanctions and trade barriers so they can work with the Islamic Republic of Iran," Ahmadinejad said.

He called the sanctions ineffective and futile and pointed out that they have created new opportunities for progress and strengthened the Iranian nation's resolve.

"The Iranian nation learned to rely on their (own) resources and capabilities… and as a result, made great scientific and industrial achievements," he said.

He cited the successful implementation of the subsidy reform plan, the rise in foreign investment in Iran, and Iran’s political and economic stability as examples proving the ineffectiveness of the sanctions.

Commenting on the diplomatic relationship between Iran and the European Union, Ahmadinejad said Iran’s foreign policy is based on the principles of justice, friendship, mutual respect, and respect for human dignity, so Iran has strong and friendly relations with countries that are committed to these principles.

"But, unfortunately, over the past few decades, some European governments have been under the influence of global bullies, especially Israel, and they have not allowed the Europeans to establish fair and friendly relations with Iran," he stated.

He went on to say that the Europeans' policy on Iran has undermined their interests and thus they are losing their position in the lucrative markets of Iran.

Currently, many countries and companies are trying to enter into partnership with Iran, and every day the Europeans are losing opportunities, he noted.

Ahmadinejad added, "But the European Union’s actions show that the union has not adopted a realistic and wise approach toward Iran."

Resolutions adopted by the UN Security Council, as well as additional unilateral sanctions approved by the U.S. Congress and the foreign ministers of all EU countries, were primarily directed against the banking, financial and energy sectors of Iran.

Restrictions imposed by the EU include the ban on the sale of equipment, technologies and services to Iran's energy sector; the same measure refers to the refining industry.

New investments in Iran's energy sector have also been also prohibited as a whole. Because of lack of investments due to the sanctions, the production capacity is decreasing, and therefore, Iran cannot effectively increase production.


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