MP: Wests Oil Embargo on Iran Fails
An Iranian legislator underlined the failure of the US and European Union (EU) ban on Iranian crude supplies, saying that Europeans heavily depend on Irans crude.
Member of the Iranian Parliament's Energy Committee Seyed Mehdi Mousavinejad downplayed the effects of impose sanctions on Iran's oil export and industry by the US and EU.
The Iranian legislator also emphasized that European countries heavily depend on Iran's oil.
"On the one hand, they ban our oil, while on the other, they send their private companies to us and announce time and again and they desperately need Iran's oil," he added.
After the UN Security Council ratified a sanctions resolution against Iran on June 9, 2010, the United States and the European Union imposed further unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors.
Tehran has always dismissed West's pressures and stressed that sanctions and embargos merely consolidate Iranians' national resolve to continue the path of progress.
The EU measure was ratified at a ministerial meeting in January, but the 27-member bloc deferred its implementation until July 1.
Meantime, Analysts believe that the EU started implementation of the sanctions against Iran at a time when it is experiencing its worst economic conditions.
"The EU is at its worst possible conditions," Director of Environment, Energy, and Economic Development Program at the RAND Research and Analysis Corporation Keith Crane told FNA in June.
Crane downplayed effectiveness of the western boycotts against Iran, and said, "Countries are able to bypass economic sanctions."