Iraq's newly elected president says it is in his country's best interests to have "good and stable relations" with Iran, urging the United States to consider Baghdad's political and economic position in talks about imposed sanctions on Iran.
Rouhani asserted that the country's current conditions are good and export has risen in the first 7 months of the current year compared to the same period last year, and this means that "production has increased and people's business is good".
Russian Federation could help Iran evade USA sanctions by buying up Iranian oil and reselling it as its own, expert in energy policies & strategies Luis Colasante said in an interview with Azernews.
"They just issued a long list of banks, their branches. and airlines and their planes".
The new sanctions have sparked furious reactions from Tehran, where Rouhani said his country would "proudly bypass your illegal, unjust sanctions".
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On July 2, the U.S. State Department announced its intention to reduce Iranian oil revenue to zero. However, it has finally agreed to grant waivers to eight biggest importers of Iran's oil - China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey - in fear of a price spike.
Washington last week reimposed a set of sanctions on Iran that aim to isolate the country's banking sector and slash its oil exports. "What we will see for at least the next couple months is continued compliance as Iran assesses the new cost-benefit analysis of staying in the deal".
Elsewhere in his interview with reporters, Salih said, "We do not want Iraq to be burdened with the U.S. sanctions on Iran", urging Washington to take into account Baghdad's position as the two sides negotiated Iraq's relief from United States sanctions on Iran.
Washington returned all the sanctions against Iran on Monday that had been removed under the 2015 Iranian nuclear deal.
The Gulf nation has hardly any purchasing power and can hardly find any foreign suppliers willing to risk USA sanctions to work with them, which has led to rising cost of goods, high inflation, and decreased employment.