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Iran 'prepared for worst' on sanctions

Iran 'prepared for worst' on sanctions

Iran has prepared for "the worst box scenario" to by-pass callous new Western sanctions targeting a central bank and oil exports, Foreign Minister Ali Akbar Salehi pronounced in an talk published on Saturday.

"We are not unequivocally worried," Salehi told a executive IRNA news agency. "Appropriate responses have been prepared for a misfortune box scenario, and we have devised a highway map" to by-pass new sanctions.

The remarks came after a US Congress authorized a tough new offer to levy an embargo opposite Iran's oil exports and to cut off a executive bank from a universe financial system, effectively seeking a collapse.

The European Union is deliberation identical measures.

Salehi did not elaborate how a "road map" would understanding with a uninformed Western economic sanctions, that are in response to Tehran's refusal to quell a argumentative arch programme.

But he pronounced Iran has managed to "circumvent" Western and UN sanctions given a 1979 Islamic revolution, while acknowledging that "sanctions have their effect."

Iran is already theme to 4 sets of UN sanctions -- designed to force it to give adult uranium improvement -- along with serious additional US and EU sanctions.

The West alleges Tehran is seeking to acquire a weapons capability underneath a guise of a arch investigate programme. Iran denies any such aspiration and says a work is usually for polite appetite and medical purposes.

In new weeks, Iranian officials have insisted a nation was prepared to face new sanctions opposite a oil zone and executive bank.

"Iran does not fear a European embargo on a oil," pronounced Oil Minister Rostam Qasemi in Vienna this week.

Iran is a second-largest oil writer in a OPEC cartel.

Qasemi also likely that such a pierce would destabilise a marketplace and be unpropitious to a West.

For his part, Economy Minister Shamseddin Hosseini pronounced Tehran was "fully prepared" to understanding with sanctions targeting a executive bank.

However, they have also conceded, in potential terms, that sanctions in place given summer 2010 have had an impact on Iran's economy, including a supply of unfamiliar banking and ability to deposit in pivotal oil and gas sectors.

Qasemi concurred final month that there were possibly no "investments, or those that were accessible came with difficulties, since of assertive actions" of Western countries targeting Iran's appetite sector.

A series of projects have been behind or dangling after being announced non-priority.

Earlier in a week, executive bank arch Mahmoud Bahmani suggested Iran contingency be managed "as if underneath siege" -- referring to an early part of Islam when a soothsayer and his supporters were theme to an mercantile besiege by their opponents for 3 years.

Bahmani did not elaborate on a measures he thinks Iran should take to revoke a impact of a probable embargo opposite a central bank.


News referensi http://news.yahoo.com/iran-prepared-worst-sanctions-002102094.html

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