Iran Nuclear NewsWhite House says Iran under pressure from sanctions

White House says Iran under pressure from sanctions

-

AFP: The White House said Thursday that President Mahmoud Ahmadinejad’s latest warnings on the state of Iran’s economy, proved the “profound impact” of nuclear sanctions. WASHINGTON (AFP) — The White House said Thursday that President Mahmoud Ahmadinejad’s latest warnings on the state of Iran’s economy, proved the “profound impact” of nuclear sanctions.

Ahmadinejad said on Wednesday that Tehran needed to tailor the economy to subvert Western sanctions, saying the current approach would be a “losing strategy.”

White House spokesman Jay Carney said the comments were the latest sign that “the comprehensive international, multinational effort to sanction Iran has been effective in the sense that it has had a profound impact on the Iranian economy.”

“Iran is paying a high price for its refusal to abide by its obligations under United Nations Security Council Resolutions, and will continue to pay a high price.”

Carney said there was a “different path” available to Iran if it would seriously abide by comments to open its nuclear program, which the West believes is designed to make weapons, to international inspections.

In remarks to Iranian lawmakers, Ahmadinejad said one solution would be to “ultimately decide to once and for all cut the government’s dependence on oil revenues,” warning that it would create “pressure as the result.”

Iran lost a substantial part of its oil revenues in 2012 due to sanctions imposed over its disputed nuclear program, Iranian officials have said.

Estimated by experts at around five billion dollars per month, the loss in oil revenues has led to a contraction of the 2013/2014 budget being prepared by the government, according to some MPs.

The sanctions have also had a role in the collapse of the Iranian currency and thus soaring prices, exerting “pressure on a large part of the people,” Ahmadinejad said.

Latest news

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Iran’s Regime Is Hiding Human Rights Violations In Its Prisons

With more than four months into Iran’s latest round of nationwide uprisings, the brutality of the Iranian regime’s security...

How Internet Censorship Is Damaging Iran’s Economy

While in the last four months, internet access in Iran has been cut off or severely limited, the regime’s...

Must read

Iran’s romance of Nicaragua

TIME: Nicaragua, the Central American nation noted for its...

Iran may consider halt to 20% uranium enrichment, Press TV Says

Bloomberg: An Iranian parliament lawmaker said his country is...

You might also likeRELATED
Recommended to you