Categories: HeadlinesWorld News

Iran to Reduce Oil Exports to Counter US Sanctions

The Iranian government rolled out a draft 2020 budget, seeking to minimize the impact of tough US sanctions pressures against Tehran by reducing the country’s dependence on oil exports.

Iran will overcome US sanctions one way or another, either by bypassing them or through negotiations, President Hassan Rouhani has said, the Iranian Students’ News Agency has reported.

“The government is determined to defeat (the enemy) by bypassing America’s sanctions…or through various means including talks, but will not cross our red lines,” Rouhani said, speaking at a cabinet meeting on Wednesday.

At the meeting, which focused on the government’s efforts to combat poverty and unemployment, Rouhani noted that US sanctions, including banking and oil export restrictions, have meant lower government revenues, which have had an impact on ordinary Iranians’ lives.

He added, however, that the government has worked to strengthen manufacturing and knowledge-based companies, to attract investment and to increase self-sufficiency in agriculture and energy to deal with economic problems.

Rouhani also urged his fellow citizens not to believe rumors he said were being propagated by “enemies” about alleged government plans to “shut down the internet,” which he said were not true. Rather, he said, the country is working to create a “robust national information network” to complement, rather than replace, the internet.

JOL Staff

Share
Published by
JOL Staff

Recent Posts

Nasrallah: Israel & US Paint Us as Being the Bad Guys

Sheikh Hassan Nasrallah the leader of Hezbollah said Washington is making every attempt to paint a black picture of Hezbollah and depict…

7 hours ago

Report: Brazil to Open Jerusalem Embassy in 2020

Eduardo Bolsonaro, the son of the Brazilian president and chair of the parliamentary committee for international affairs, confirmed Sunday his…

21 hours ago

Watch: Little Palestinian Girl Says Israelis and Americans “defile” Jerusalem

  https://youtu.be/cp7iw9h02Tg Abbas’ Fatah Movement published on it's Facebook page this young girl’s message to US President Trump not to…

1 day ago

Watch: Antisemitic Corbyn step down as Labour Leader

https://www.youtube.com/watch?v=3rHqj4XBBPM Jeremy Corbyn will not lead Labour into another election campaign as he faced mounting calls to step aside immediately.…

3 days ago

Watch: Boris Johnson Victory Speech After Crushing Antisemitic Corbyn in UK Election

https://www.youtube.com/watch?v=4DxlD0C8quQ Triumphant Boris Johnson said today that his "stonking" win has given him a "powerful mandate to get Brexit done"…

3 days ago

Antisemitic Corbyn Loses UK Elections

UK citizens held a snap election on Thursday in another bid to break the Brexit stalemate. Results from 649 out…

3 days ago