In an interview with Mehr News Agency, Hossein Samsami, an economist and member of the Economic Committee of Iranian Parliament, said that the re-issuance of UN sanctions under the snapback mechanism would not affect Iran’s oil sales.
“These sanctions are related to the nuclear and missile sectors and have nothing to do with the economy, such as oil or banking,” he said. ”
He went on to say, of course, that could tighten US sanctions and put more pressure on other countries, particularly India, Russia and China, but it still depends on interactions with Iran.
Samsami added that what needs to be considered in the current situation is inflation expectations arising from concerns and uncertainties about the impact of snapbacks on the Iranian economy.
“The government should reduce society’s inflation expectations, through sound policies and media support, so that the psychological pressures of snapback will not affect our economy,” he said.
“In the short term, we need to control the expectations of invasion resulting from the activation of snapback mechanisms through sound policy making. We will then be phased out over the medium and long term to halt the impact of Western Saniict by using the capabilities of economic agreements such as the Shanghai Cooperative Organization and BRICS to expand the economic and commercial relations with these two Pact member states.
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