US sanctions are 'economic terrorism', says Iran's Hassan Rouhani

TEHRAN: Iran's President Hassan Rouhani mentioned US sanctions had been "economic terrorism", as he sought to foster a united entrance from visiting regional officials on Saturday.

Washington has reimposed an oil embargo and other harmful sanctions on Iran since pulling out in May from a landmark 2015 nuclear deal between Tehran and major powers.

"America's unjust and illegal sanctions against the honourable nation of Iran have targeted our nation in a clear instance of terrorism," Rouhani mentioned in a televised speech.

Iran's President Hassan Rouhani threatens to bring to an end Gulf oil

"America should know... it is not capable of preventing the export of Iran's oil," Iran's President Hassan Rouhani mentioned at a televised rally in Semnan province. Since the 1980s, Iran has mentioned again and again it will blockade the Gulf according to international pressure however hasn't ever performed the threat.

He was once speaking at a conference on terrorism and regional cooperation attended via parliament speakers from Afghanistan, China, Pakistan, Russia and Turkey.

"We are facing an all-out assault which is not only threatening our independence and identity but also is bent on breaking our longstanding ties," he added.

Rouhani drew parallels with the sanctions and other pressure faced via the countries attending the conference.

India inks pact with Iran to pay crude invoice in rupee

The memorandum of understanding (MoU) was once signed following america letting India and 7 other international locations to stay buying Iranian oil regardless of sanctions had been reimposed at the Islamic state on November five. Sources mentioned Indian refiners will make rupee payments in a UCO Bank account of the National Iranian Oil Co (NIOC).

"When they put pressure on China's trade, we are all harmed... By punishing Turkey, we are all punished. Any time they threaten Russia, we too consider our security to be endangered," he mentioned.

"When they impose sanctions on Iran, they deprive all people of some great benefits of international business, power security and sustainable development. And in fact, they impose sanctions on everyone.

"We are here to mention that we do not intend to tolerate such insolence." Rouhani additionally warned Europe - which has strongly objected to america withdrawal from the nuclear deal - that a lot is at stake in its efforts to circumvent US sanctions and maintain business with Iran.

"They should know that via sanctioning Iran, they'd harm our skill to struggle medication and terrorism," Rouhani mentioned, referring to Iran's efforts to struggle smuggling, particularly from Afghanistan.

The European Union is working on a cost system, known as the "special goal car", to stay money flowing into Iran, however has struggled to discover a host since many countries fear repercussions from the Trump administration.

The conference in Tehran was once the second one regional assembly on terrorism - the first was once held last December in Islamabad.
US sanctions are 'economic terrorism', says Iran's Hassan Rouhani US sanctions are 'economic terrorism', says Iran's Hassan Rouhani Reviewed by Kailash on December 08, 2018 Rating: 5
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