Ynetnews > News > Mideast News
Search


   Israel News

Israel News
World News
Israel Opinion
Jewish
Israel Business
Israel Culture
Israel Travel
Economic Damage

Ali Larijani Photo: EPA
Ali Larijani Photo: EPA
 
Mahmoud Ahmadinejad Photo: AP
Mahmoud Ahmadinejad Photo: AP
 
 

Iran admits sanctions are hurting

Parliament speaker says 20% of Iran's economic problems are due to sanctions

Associated Press
Published: 07.17.12, 23:19 / Israel News

Iran's parliament speaker has acknowledged that tightened sanctions are hurting Iran.

 

Ali Larijani said 20% of the country's economic problems are due to sanctions. He did not explain what that meant, but it was the first time that a top Iranian official has quantified the impact of sanctions on Iran's economy.

 

Related stories:

 

Larijani's assessment came two weeks after an oil embargo imposed by the European Union and banking sanctions by the US took effect against Iran over its refusal to halt its uranium enrichment program.

 

Larijani's comments were reported by the semi-official ISNA news agency Tuesday.

 

Economic experts say the cost of imports to Iran has increased between 20 and 30 percent because of Western sanctions.

 

The West suspects Iran of seeking to produce nuclear weapons, a charge Tehran denies.

 

 

 

commentcomment   PrintPrint  Send to friendSend to friend   
Tag with Del.icio.us Bookmark to del.icio.us


 
19 Talkbacks for this article    See all talkbacks
Please wait for the talkbacks to load

 

RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us

Site developed by  YIT Advanced Technology Solutions