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Iran reacts to Japanese sanctions

Business Materials 6 September 2010 14:16 (UTC +04:00)

Foreign Ministry spokesman Ramin Mehmanparast said any country that imposes sanctions on Iran will create problems for their companies, waste their national interests and pass on business opportunities to their rivals.

He said the UN sanctions are imposed because of to Iran's right to make use of nuclear science for peaceful purposes.

The diplomat explained that unfortunately some countries under the influence of the U.S. are taking bigger measures than the unlawful resolution which is by no means justifiable for the great people of Iran.

Japan said on Saturday it is suspending new oil and gas investments in Iran and freezing the assets of 88 organizations and 24 individuals in its latest round of sanctions for the Middle Eastern country's nuclear program.

"We've decided to add more sanctions to prevent nuclear proliferation and development," Chief Cabinet Secretary Yoshito Sengoku told reporters in Tokyo. "It's important for the international community to unify pressure on Iran to make a wise decision while keeping open the window for dialogue."

Iran is Japan's third-biggest supplier of crude oil. Japan imported $9.3 billion worth of goods from the country in 2009, almost all in fuel, while exporting $1.7 billion in automobiles and machines, according to the Japan External Trade Organization.

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