Iranian Vice President Lotfollah Forouzandeh says the West's sanctions against the Islamic Republic have failed to achieve the goal of smothering the country's progress, Press TV reported.
"The imposed sanctions were aimed at closing all doors on Iran, but the issue was [well] managed," Forouzandeh said in the Malaysian capital of Kuala Lumpur, IRNA reported on Wednesday.
"Despite issues and crises the world economy is grappled with, we carry on and Iran's progress has not been hindered," he stated.
Iranian vice president for management, development and human resources praised the country's economic progress and advancements in the fields of nanotechnology and nuclear energy as "unique."
In June, the UN Security Council approved a fourth round of sanctions against Iran under pressure from the United States and Israel.
Washington soon imposed further restrictions on the Islamic Republic and persuaded the European Union to follow suit with unilateral sanctions, this time targeting Iran's gas and oil sectors.
But Iran launched a self-sufficiency campaign in petroleum production to circumvent sanctions, vowing to turn the crippling sanctions into opportunities.
On October 16, Iran's Oil Minister Masoud Mirkazemi said that the country will add 30 million liters per day to its current gasoline production by the end of the Iranian year (March 20).
Later in the month, Iranian Commerce Minister Mehdi Ghazanfari announced that the Islamic Republic had stopped gasoline imports and that it was ready to export this product.
This "indicates that Iran has obtained the required know-how in oil industry... the US unilateralism has failed," he noted.
Ghazanfari further pointed out that the country's non-oil exports have surged 123 percent during the past six months year on year.