News ID: 235257
Published: 0403 GMT December 04, 2018

Jahangiri: Gov't able to manage Iran without oil revenues

Jahangiri: Gov't able to manage Iran without oil revenues

Iran's First Vice President Es'haq Jahangiri downplayed the impacts of US sanctions against Tehran, stressing that the government can administer the country even without relying on oil exports.

"We insisted that the (next year) budget be devised and sent to the parliament in due time to send this message, to both within the country and abroad, that Iran can be managed without reliance on oil revenues," Jahangiri said in an address to a forum in Tehran on Tuesday, reported Fars News Agency.

He added that Iran's reliance on oil revenues in the budget for the fiscal year which will start on March 21, 2019 is no more than 25 percent.

Jahangiri further said that Iran is not a country that can be sanctioned in the transportation sector.

Meantime, he blasted Washington's 'lies' that the sanctions have targeted the Iranian government, and said the first group of the society that will be harmed by embargoes is patients, the elderly and children.

On November 5, the US Treasury Department reinstated all sanctions on Iran lifted under the 2015 nuclear deal.

According to US Treasury Secretary Steven Mnuchin, the sweeping sanctions see 700 people blacklisted, including people who were granted relief under the 2015 deal, as well as over 300 new names.

The Trump administration has agreed to allow eight countries to continue purchasing Iran's crude oil after Washington's sanctions on Tehran took place.

Iran's President Hassan Rouhani said last month that the US officials had admitted their incapability to stop Iran's crude sales, and the US sanctions would only leave negative impacts on imports of foodstuff, medicine and medical equipment.

"What the Iranian officials said that the US is not able to zero Iran's oil exports was proved with the US recent admission," President Rouhani said after a meeting with the parliament speaker and judiciary chief in Tehran.

"The US announced that it cannot zero Iran's oil sales because the oil prices will rise to $150; this is what we had said (before). In this region, either Iran's oil is exported or others will be in trouble as well," he added.

President Rouhani referred to the US lies that the foodstuff, drugs and medical equipment were exempted from Washington's sanctions against Iran, and said, "This is incorrect. When the banking system is sanctioned, everything is affected."

   
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