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FM: UN sanctions have no impact on Iran's economy
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08:59, March 06, 2008

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The recent UN Security Council resolution strengthening sanctions on Iran will not cause problems to the country's economy, Iranian Foreign Minister Manouchehr Mottaki said on Wednesday.

"I don't believe it will have that effect," Mottaki told a press conference in Geneva, where he attended UN meetings on human rights and disarmament affairs.

"Within the last year, we have signed and concluded economic contracts with so many companies around the world at the value of more than tens of billions of U.S. dollars," the minister said through an interpreter.

But Mottaki said he regretted Monday's action of the Security Council in approving the resolution.

He said the resolution actually damaged the dignity of the Security Council.

According to the minister, a report last month by the International Atomic Energy Authority (IAEA) has settled all remaining issues surrounding Iran's nuclear program.

"There is no rational relation between the report of the IAEA and the approval of the resolution," he said.

By passing the resolution, "all justifications and foundations for the UN Security Council's actions have vanished," he added.

The minister said Iran would continue its cooperation with the IAEA "on the basis of normal situation, the basis of Non-Proliferation Treaty (NPT), the basis of safeguard, and the basis of regulations of the agency."

Iran will continue its legal, peaceful nuclear activities for producing energy, he said.

"Illegitimate use of international bodies will not force Iran into return from decisions it has set by himself," Mottaki said.


Source:Xinhua



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