Iran vows to show decisive reaction to US new sanctions

TEHRAN, Aug. 02 (MNA) – In reaction to the new US sanctions, the Iranian Foreign Ministry Spokesman said that Iran will show a decisive, firm and immediate reaction to the White House's insistence on sanctions.

"The White House's addiction to sanctions and their instrumental use of them is an indicator of the American domination system and shows that change of administrations makes no difference in approach," Nasser Kan'ani said in reaction t the new US sanctions imposed on Iran.

The US Treasury's Office of Foreign Asset Control has placed six entities and a ship with alleged links to Iran on its sanctions list.

In a statement on Monday, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) said it took action against companies used by Iran’s Persian Gulf Petrochemical Industry Commercial Co. (PGPICC), one of the nation’s largest petrochemical brokers, to facilitate the sale of tens of millions of dollars worth of Iranian petroleum and petrochemical products from Iran to East Asia. PGPICC is a subsidiary of Iran’s petrochemical conglomerate Persian Gulf Petrochemical Industry Co. (PGPIC), which accounts for half of all of Iran’s total petrochemical exports.

"Officials of the Biden administration have repeatedly called Trump's policy of maximum pressure a failed and ineffective policy, but in practice, they have continued and even expanded this failed policy, to the extent that even in the process of ongoing efforts to resume negotiations in order to return to the agreement, they will not stop this fruitless and destructive action," the Iranian diplomat added. 

The foreign ministry spokesman went on to say, "Firstly, the Islamic Republic of Iran will show a decisive, firm and immediate reaction to the White House's insistence on the sanctions, and secondly, it will take all necessary measures to neutralize the possible negative effects of such sanctions on the country's trade and economy."

Kan'ani also slammed the US’ hypocrisy and the show of condolences by the US Special Representative for Iran Affairs during the time when the Iranian people have incurred losses and damages due to recent floods.

"These sanctions, simultaneously, as the Iranian people have suffered a lot of financial damages as a result of the flood, have clearly revealed the fake nature of the condolence of US Special Representative for Iran Affairs."

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