Iran adopts economic resistance plan against US sanctions

TEHRAN, Jul. 17 (MNA) – Vice-President Es’hagh Jahangiri said Mon. that Iran has started a strategy dubbed ‘smart economic resistance’ against US sanctions to save the country’s economy.

“US strategy is to wage an economic war against Iran, which in turn can drag the world’s economy into instability,” said Jahangiri on Monday, adding “of course, we have adopted a strategy dubbed ‘smart economic resistance’ to overcome US sanctions and resolve the country’s economic issues.”

Jahangiri maintained that Iran has over $200 billion worth of oil and gas projects ready to be offered to domestic and foreign companies for participation.

He stressed that it will be impossible for any country to isolate Iran, adding “stopping the sale of Iran’s oil is just wishful thinking. We have drawn up the necessary mechanisms inside the country and have planned for the worst case scenarios.”

According to him, Iran’s oil and non-oil exports stood at over $90 billion in 2017.

“We warmly welcome any country that turns its back on US unilateral policies, but will not remain indifferent to those companies that decide to leave Iran [over US sanctions],” he added.

Jahangiri further stressed that Iran has braced itself for future turbulences that may occur due to US’ withdrawal from the nuclear agreement, adding “we have plans to save Iran’s economy from taking any hit in this situation."

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