You are here: Home » International » News » Politics
Business Standard

Iran urges the US to cease economic pressures against the Islamic republic

The Iranian Foreign Ministry has called for a cessation of the US economic pressures against the Islamic Republic

Topics
US-Iran tensions | Iran economy | Hassan Rouhani

IANS  |  Tehran 

Hassan Rouhani
Hassan Rouhani

The Iranian Foreign Ministry has called for a cessation of the US economic pressures against the Islamic Republic.

The US administration "must make up for its past measures and stop its economic war against the Islamic Republic", Xinhua news agency quoted Ministry spokesman Saeed Khatibzadeh as saying to the media on Sunday.

"We are waiting for practical steps" to be taken by the US, said Khatibzadeh, adding that Washington should commit its obligations.

It was the US that "violated" its obligations pertaining to Iran's nuclear deal, he said.

The US should also compensate for losses that Tehran has suffered due to Washington's economic pressures, the spokesman added.

US President Donald Trump pulled his country out of the Iranian nuclear deal, also known as the Joint Comprehensive Plan of Action, in 2018 and announced "maximum pressure" campaign to impose tough sanctions against Iran's oil, banking, insurance, shipping and auto sectors.

Last month, the US imposed a number of sanctions targeting Iran's financial and the oil sector.

Separately, it also designated five Iranian entities for "attempting to influence" the November 3 American presidential election.

--IANS

ksk/

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 09 2020. 10:49 IST
RECOMMENDED FOR YOU
.