Iran's Economy is not effected by new U.S sanctions

Iran's Economy is not effected by new U.S sanctions
Iran's Economy is not effected by new U.S sanctions

Iranian President Hassan Rouhani said on Saturday that US sanctions announced last week have had no effect on Iran's economy because Washington had already practically reimposed them earlier.

"The sanctions have had no impact on our economy because America had already used all the weapons at its disposal and there was nothing new to use against us," Rouhani said in remarks carried live on state television.

Washington last week reimposed a set of sanctions on Iran that aim to isolate the country's banking sector and slash its oil exports.

The new sanctions have sparked furious reactions from Tehran, where Rouhani said his country would "proudly bypass your illegal, unjust sanctions".

Washington vowed to be "relentless" in countering Iran, with Secretary of State Mike Pompeo saying the US wanted Iran to make a "180-degree turn" and abandon its "current revolutionary course."