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17 May, 2018 01:21

Iran says US sanctions will only strengthen Russia ties

Iran says US sanctions will only strengthen Russia ties

Iran intends to boost economic ties with Russia and the prospect of the return of US sanctions will only serve to strengthen them, according to an Iranian official.

“Not only will the previous agreements remain in force, but, there will be new ones, there will be new contracts,” head of Economic Affairs Committee of Iran Mohammad Reza Pour Ebrahimi told RIA Novosti. US sanctions will not affect such contracts, he added.

“One of the most important spheres is oil, gas, energy, and there are a number of good signs for reaching a new deal. Just a few days ago, the deputy ministers of energy of Russia and Iran met in Moscow, and we hope that we will come to an agreement,” he added.

After the US withdrew from the Iran nuclear deal, Washington said it would give European companies six months to wind up their investments in Tehran or risk US sanctions, and they are also forbidden from signing any new contracts with the country. Russia said it will remain committed to the deal.

Kremlin spokesman Dmitry Peskov described US actions against Iran as “veiled protectionism.” The move violates the norms and rules of the World Trade Organization, he said.

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