Tehran, Iran, Oct.27
Trend:
The US sanctions against Iran are not a new phenomenon, a spokesman for parliament’s judicial committee Hassan Norouzi told Trend.
"The best way to deal with sanctions is to pay attention to internal capacity and resilience economics with an endogenous approach," he said.
"The sanctions are opportunity for bolstering domestic production and human capacity."
“US oil sanctions against Iran are doomed to fail because our customers and neighbors have their own oil demand and Iran is the third largest supplier behind Iraq and Saudi Arabia,” he said.
Referring to the sanctions on the purchase or acquisition of US dollar banknotes he said that Iran plans to use the national currencies and avoid dollar in trade with Russian, Chinese and East Asian customers.
The sanctions are best opportunity to set up an oil-free budget which is relied on tax revenues," he said. “Sanctions are the best opportunity to reduce reliance on oil revenues. Therefore, reduction of the oil exports to any extent is for the interest of Iran.”
"The reduction of oil exports for countries like Saudi Arabia, which do not have any internal capacity will become a cause for concern, but it can be an opportunity for Iran with high domestic capacity,” an Iranian MP said.