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Iran's leader says sanctions won't change policy - ASHARQ AL-AWSAT English Archive
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TEHRAN, Iran (AP) — Iran’s Supreme Leader says Western-led sanctions and pressure will not force Iran to change its policies, voicing confidence that the country can beat the latest moves to block its vital oil and banking industries.

In remarks broadcast on state TV Wednesday, Ayatollah Ali Khamenei says some countries partaking in the U.S.-led sanctions will not continue them over the long term because of economic drawbacks.

The latest European Union sanctions against Iran’s vital oil industry came into effect on July 1, three days after the U.S. tightened sanctions that prohibit international banks from completing oil transactions with Iranian banks. The moves further complicate Iran’s ability to conduct trade abroad.

Economic experts say the sanctions have driven up the cost of imports to Iran by 20 to 30 percent.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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