Iran claims US isolated on sanctions

Iran claims US isolated on sanctions”

President Hassan Rouhani said the Iranian government and nation would remain united in the face of the U.S., noting that the Islamic Republic will continue to manage people's lives despite pressures.

In March, two months before Trump announced his plan to renew sanctions against Iran, Russia expected three deals with Tehran by the end of that month.

US President Donald Trump announced on May 8 that Washington had made a decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) - the deal that had been signed in 2015 to restrict Tehran's nuclear developments in exchange for lifting the corresponding UN Security Council sanctions and unilateral restrictions imposed by the United States and the European Union.

Some of the reimposed sanctions take effect after a 90-day "wind-down" period ending on August 6, while the rest, especially those affecting the oil sector, after a 180-day "wind-down period" ending on November 4.

The U.S. decision has hit the Iranian economy hard, with many global firms leaving the country since Trump announced the U.S. withdrawal from the accord on May 8.

Hashemi warned that Iran had to be prepared against the US sanction that will be implemented in November.

"What the United States wants to do is more of psychological influence", he said. The rial has lost around half its value against the dollar in nine months.

Speaking at the end of a meeting of the heads of three branches of the government in Tehran on Saturday, Rouhani pointed to the U.S. conspiracies against Iran over the past 40 years and said, "Today, the Washington government is more than ever hated by Islamic and regional countries".

Stating that the path of resistance, steadfastness and planning and coordination with people and interaction with allies will thwart conspiracies of the enemies, Dr Rouhani described U.S. sanctions blind, targeting the people of Iran.

Trump said at a news conference in Brussels on July 12: "I know they're having a lot of problems and their economy is collapsing. Why would we trust them and hold negotiations with them?" He suggested Iran will use avenues it has utilized in the past to evade the sanctions to receive payments for its oil exports.

"It will be hard, but we have learned how to do it", Velayati was quoted as saying by Russian news media.

The government has so far cleared only the Tehran Stock Exchange-listed Bank Pasargad's proposal for a branch in Mumbai, while the other Iranian banks' plans are yet to get the green light, the unidentified sources said.

Indian state refiners had cut Iranian oil imports in the 2017/18 financial year because of a dispute over the development rights for an Iranian natural gas field.

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