Ahmadinejad: Iran playing "smart economic war"
Iran is engaged in a "smart economic war" with Western powers whose sanctions against its nuclear programme are hurting some Iranians, President Mahmoud Ahmadinejad said yesterday.
"Targeted sanctions, which the enemies say are supposed to be crippling, have led to a drop in our oil" sales, Ahmadinejad said in a live interview on state television, referring to an oil embargo imposed by the European Union.
"They do not even let us transfer the oil money," he said. "They thought Iran's economy would break down, but it did not." "Iran is engaged in a smart economic war with the enemy," he said.
The EU measure, which came into effect in July, ended European purchases of Iranian crude, and has since decreased Tehran's oil exports to its Asian customers from between 10 to 30 per cent.
According to the International Energy Agency, Iranian exports in November were estimated at 1.3 million barrels per day, down from nearly 2.3m last year.
Ahmadinejad said his government had "so far managed to control" the effects of sanctions on the economy but admitted that "heavy pressure had been exerted on some Iranians because of sanctions." He did not elaborate on how Iran was fighting off sanctions for fear the methods would be found by Western powers trying to goad Iran back to the negotiating table over its nuclear ambitions.
"I cannot say what heavy pressure the enemy has imposed, and how we are dealing with them." "We have so far managed to control this blow, and it hasn't turned out the way they predicted," he said.
Ahmadinejad has faced increasingly scrutiny at home for economic woes, including the collapse of the national currency, which lost more than two-thirds of its value in a 20-day span starting in late September.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue