Russia has described emerging US sanctions against Iran as ‘unproductive’ with the country’s top energy official warning that there would be consequences for the world should Iran’s oil supplies to global markets are halted due to the sanctions.
Russia warns of Iran sanctions' fallouts
18 Sep 2018 - 9:24
Russia has described emerging US sanctions against Iran as ‘unproductive’ with the country’s top energy official warning that there would be consequences for the world should Iran’s oil supplies to global markets are halted due to the sanctions.
"Our position remains that this is unproductive, this is wrong," Alexander Novak was quoted by media as saying on Monday, adding, "It is better to continue working in the market, Iran being just another exporter that provides stable supplies to the market."
Washington reinstated a series of unilateral sanctions against Iran on August 6, targeting Iran’s purchases of dollars, its trade in gold and precious metals. November 4 is the declared date for a second wave of sanctions that will target the Islamic Republic’s oil exports as well as its central bank.
New wave of anti-Iran sanctions by the US came after President Donald Trump withdrew Washington in May from the landmark Iran nuclear agreement.
Earlier, Russia’s Deputy Foreign Minister Sergei Ryabkov had emphasized that US efforts to bring down Iran’s oil exports to zero would lead to nothing and that US objectives in pursuing sanctions against Iran were “unrealistic.”
Ryabkov added that Washington had already become too isolated in its agenda against Iran to be able to create an international consensus to halt Iran’s oil sales.
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