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Export cuts to Iran inflicted $10 billion of losses on Europe

Austrian Ambassador to Tehran Stefan Schulz voiced the European Union's keenness to establish new financial channels to continue transactions with Iran.

Export cuts to Iran inflicted $10 billion of losses on Europe Export cuts to Iran inflicted $10 billion of losses on Europe


Teheran, July 18 - Neftegaz.RU. Austrian Ambassador to Tehran Stefan Schulz voiced the European Union's keenness to establish new financial channels to continue transactions with Iran, saying the reduction of exports to Iran had so far inflicted a huge damage on Europe of up to around $10 billion. 

 

Addressing a meeting of foreign representatives of foreign businesses residing in Iran that was held on July 16, the Austrian envoy said the EU was keen to maintain ties with Iran and continue buying oil from the country. 

 

He said the Euro-zone had so far underwent $10 billion in losses because of reduced exports to the Iranian market. Schulz said Iran had proven it had a clear strategy to deal with the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA). 

 

1st Vice President Eshaq Jahangiri said the world is in need of Iran's crude oil, adding the country could work out novel methods to sell its oil in the face of US sanctions. 

 

The official said US efforts to cut to zero Iran's oil export was only an illusion, adding: The Americans have announced that Iran's oil exports would be cut to zero by November. Such remarks are only illusions made by Americans who think they can stop Iran's oil exports. All the world is in need of Iran's oil and we can always work out methods to sell our oil. 

 

Source : Neftegaz.RU