Iran fights curbs
Source: Agencies |
July 2, 2012, Monday
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Print Edition
Print Edition
IRAN has stored up imported goods and hard currency for a "battle" against EU sanctions targeting the country's vital oil sector that went into effect yesterday, officials said.
Vice President Mohammad Reza Rahimi said the country has stockpiled necessities to reduce the impact of the embargo hitting the oil and banking sectors.
Central bank governor Mahmoud Bahmani said that Iran has "plans" to deal with the embargo.
Iran's oil minister on Saturday called for an emergency OPEC meeting, saying the current market value of oil has become "illogical."
Vice President Mohammad Reza Rahimi said the country has stockpiled necessities to reduce the impact of the embargo hitting the oil and banking sectors.
Central bank governor Mahmoud Bahmani said that Iran has "plans" to deal with the embargo.
Iran's oil minister on Saturday called for an emergency OPEC meeting, saying the current market value of oil has become "illogical."
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