No Script

Please Wait...

Ramadan Kareem...

Iran’s Mousavi: US Sanctions on Metal Industry against Its International Commitments

Iran’s Mousavi: US Sanctions on Metal Industry against Its International Commitments
folder_openIran access_time4 years ago
starAdd to favorites

By Staff, Agencies

The Iranian Foreign Ministry reacted to the US’s recent imposition of sanctions targeting the country’s metal and mining sectors, warning that Washington should bear the cost for all the damages emanating from the bans.

“The sanctions, as has been the case with all the United States’ [previous] unilateral measures [targeting the Islamic Republic], counter the basic principles and regulations of international relations,” said the ministry's spokesman Abbas Mousavi on Thursday, adding that “The responsibility for repairing the damages [potentially caused by the sanctions] lies on the US.”

Mousavi emphasized that the restrictive measure taken by the US against Iran's metal industry “contravenes international commitments of this regime and faces it with international liability.”

US President Donald Trump took the decision to deny Iran of the revenue yielding from the targeted sectors. The areas aimed at by the bans comprise “10 percent of its [Iran’s] export economy,” the directive read, cautioning third countries that taking in Iran’s metal exports “will no longer be tolerated.”

Trump has been pursuing a policy of “maximum pressure” against Tehran. The attitude saw it leaving a historic multi-lateral nuclear accord with the Islamic Republic last year, and reinstating the sanctions that had been lifted under the deal.

Elsewhere in his remarks, Mousavi said the illegal measure taken by the US can be prosecuted through the international judicial system as it constitutes a violation of international law.

He added that Trump's decision violates the obligations faced by the US under the UN Charter and the 1981 Algeria Accords that saw Iran release dozens of American prisoners it had seized at the former American Embassy in Tehran.

The new bans, he noted, were also in breach of the US’s 1955 Treaty of Amity with Iran that set out bilateral economic relations and consular rights under the regime of Iran’s US-backed former monarch, but was unilaterally terminated by Washington last October.

Finally, the sanctions go against the International Court of Justice’s decision last year that Washington had to halt its re-imposed sanctions targeting Iran, Mousavi concluded.

Comments