Ayatollah Ali Khamenei
Photo: EPA
Iran leader: Stop exporting oil, make new economy
Supreme leader Khamenei outlines new approach to overcome Western sanctions
Ayatollah Ali Khamenei's said what he called a "resistant economy" can effectively counter the sanctions.
This month, the European Union enforced a ban on oil imports from Iran, after the US stepped up its banking sanctions.
Nuclear Threat
Associated Press
Adviser to Supreme Leader Khamenei says West should recognize Iran's 'right to peaceful nuclear activities'
The sanctions aim to force Iran to stop enriching uranium. The West suspects Iran is aiming to build nuclear weapons. Iran denies that.
Khamenei said Iran should stop selling raw materials, including oil, and instead promote "knowledge-based companies which can make a resistant economy more sustainable."
He gave no timetable or details of what would amount to a total overhaul of Iran's economy.
Khamenei's remarks were broadcast on state TV Sunday night.
