calendar>>February 10. 2012 Juch 101
West Sanctions against Iran Prove Ineffective
Pyongyang, February 10 (KCNA) -- The U.S. and other Western countries' sanctions against Iran are proving ineffective.

Iran's oil deals with other countries are getting more brisk despite the U.S. ever-tightening sanctions.

An Iranian government official concerned said 70 per cent of his country's oil export has gone to countries and regions of Asia even since the West's slapping sanctions against the country 40 per cent of which is held by China and India.

Opposed to the West' sanctions against Iran, China has increased the volume of trade with Iran more than 50 per cent over the last two years, reaching 45 billion U.S. dollars.

On Jan. 26 a spokesman for the Foreign Ministry of Pakistan observed that Pakistan clarified its support to the Iran-Pakistan gas pipeline project and reiterated this project is not subject to the above-said sanctions. He also clarified the stand to steadily push forward it.

On Jan. 29 the minister of Finance of India formally clarified that his country would not join in the sanctions put by the U.S. and the EU on Iran.

Japan which claimed to be a staunch ally of the U.S. earnestly asked the U.S. to partially exclude it from the anti-Iran oil sanctions and allow it to continue settlement with the Central Bank of Iran.

Economic exchange is getting more brisk between Iran and other Asian countries in various fields.

Kuwait and the United Arab Emirates, etc. discussed the issue of boosting bilateral cooperation with Iran.

Iraq, for example, signed agreements with Iran in road and railway construction and air transport, etc. It was reported that they included the issue of lifting the U.S. measure for limiting the flight by Iranian planes.

Sergei Ryabkov, vice-minister of Foreign Affairs of Russia, noted on Jan. 26 nobody would make concession under the "whip of sanctions."

This will spark a new crisis rather than providing any solution. European colleagues of the six parties are going in the direction of escalating the sanctions against Iran without any idea.

Iranian President Mahmoud Ahmadinejad said on Jan. 26 that it is more than three decades since the Central Bank of Iran severed its relations with the U.S. and, therefore, the sanctions have lost their practical value and these efforts are, in fact, futile.

He ridiculed the West, saying it would be a de-factor victim of its unilateral sanctions.

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