World

US Sanctions Against Syria, Iran is 'Economic Terrorism' - Moscow

According to Deputy Foreign Minister Sergei Ryabkov, Moscow and Tehran will be advancing ways in which to defend their economies from US sanctions.
Sputnik

"We must — and many have already spoken about this, including our ambassador in Tehran — complete the transition process of economic interaction in the national currency as the best way to protect ourselves from the US abusing the role of the dollar", Ryabkov told reporters on Thursday.

He also slammed Washington for the sanctions imposed on Damascus.

READ MORE: EU Has to Fine-Tune New Payment Mechanism to Trade With Iran Under US Sanctions

"There are ways to minimise the consequences of US sanctions, and these ways will be improved. There are alternative partners and formats, they need to be strengthened. I am sure that in the case of Syria, Russian-Syrian relations will only continue to ascend; neither the United States nor anyone else will interfere with this. And I agree that the US sanctions are economic terrorism", the deputy minister stressed.

De-dollarization: Scholars on Why Russia Bought Quarter of World Yuan Reserves
The statement by the Russian diplomat comes just a day after the US Senate voted to expand economic sanctions on Syria and to condemn President Donald Trump for announcing a full US troop withdrawal from that country.

Last November, a second package of US sanction against Tehran came into effect following the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) — the Iran nuclear deal — in May, 2018. The sanctions are aimed at exercising maximum pressure on Iran and forcing it to negotiate a new deal.

Discuss