Iran prepares new package to confront US sanctions

Business Materials 7 November 2018 16:01 (UTC +04:00)

Tehran, Iran, Nov.7


Iran parliament's Industries and Mine committee has prepared a new package to confront new re-imposed US sanctions, the member of Iran`s Parliament Saeed Bastani told TASNIM News Agency on Wednesday.

"The committee, by creating 10 working groups including industries of oil, water, electricity, petrochemical and car manufacturing sectors, has taken the necessary steps to defy sanctions," said Saeed Bastani.

The official noted that the package has been approved by the government and will be gradually employed.

"Due to its confidentiality we can not elaborate on details of these plans" he added.

According to Bastani, the package will resolve the problems of the Iran`s industries to some extent.

"Of course, we believe there are problems, but with these plans, we will take the necessary steps to manage the country's industries," he said.