The Kyiv Post welcomes feedback about our new website and we stand ready to fix any problems users might encounter in our test phase. Contact us at: news@kyivpost.com or +38-044-591-3344. Thank you!

Share Tweet Pocket Add to Bookmarks
You're reading: Iran: We will ‘confront’ new EU sanctions

TEHRAN, Iran — The governor of Iran's central bank says his country will not remain "passive" before a new EU embargo on the country's oil sector, adding that Tehran has enough hard currency reserves to meet its import needs.

The Sunday report by the semiofficial Mehr news agency quotes Mahmoud Bahmani as saying Iran will “confront” hostile policies.


The remark is the first reaction by a senior Tehran official on the day that an EU embargo on Iranian oil goes into effect.


The EU measures are intended to pressure Iran over fears that it is developing nuclear weapons. Iran denies the charges.


Iran is the second largest producer in OPEC and earns some 80 percent of its foreign revenue from exporting crude. Other U.S. and EU sanctions have already hit Iran’s economy hard.

Found a spelling error? Let us know – highlight it and press Ctrl + Enter.

Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: