TLTP
\nDUBAI
\nThe American government\u2019s latest round of sanctions against Tehran is doing damage where it hurts most \u2013 the Iranian economy, a foreign ministry spokesperson has said.
\nSaeed Khatibzadeh said that \u201cthese decisions and sanctions have caused serious monetary and financial damages to Iran\u201d despite the government \u201cworking for months to stop such shocks,\u201d in a report from broadcast service Radio Farda.
\nThe US\u2019 Office of Foreign Assets Control, which administers the sanctions, has targeted 18 major Iranian banks identified as \u201can additional avenue that funds the Iranian government\u2019s malign activities.\u201d
\nThese banks practically represent Iran\u2019s entire financial sector.
\nThe latest punitive measure pulled the Iranian rial to a new low against the US dollar to as much as 317,000 rials per greenback on Sunday on the unofficial market. The currency has lost about 57 percent of its value this year, compounded by Iran\u2019s coronavirus crisis whose more than half a million cases is the highest in the region.
\nKhatibzadeh said that \u201cthe United States must make up for all the damage it has done to Iran. Iranian people should not doubt that we will seek compensation for all damages cent by cent.\u201d \u201cThe damage incurred on Iran is filed in the bill submitted to the International Court of Justice,\u201d Radio Farda quoted the Iranian official. Khatibzadeh however admitted that the sanctions have terrified many private companies, which has created additional problems for Iran.<\/p>\n","protected":false},"excerpt":{"rendered":"
TLTP DUBAI The American government\u2019s latest round of sanctions against Tehran is doing damage where it hurts most \u2013 the Iranian economy, a foreign ministry spokesperson has said. Saeed Khatibzadeh said that \u201cthese decisions and sanctions have caused serious monetary and financial damages to Iran\u201d despite the government \u201cworking for months to stop such shocks,\u201d […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-150552","post","type-post","status-publish","format-standard","category-world"],"yoast_head":"\n