Rouhani says Iran budget set to resist US sanctions by curbing oil dependence

President Hassan Rouhani speaks in a meeting in Tehran, Iran, Wednesday, Dec. 4, 2019. (AP)
Updated 08 December 2019

Rouhani says Iran budget set to resist US sanctions by curbing oil dependence

  • Rouhani said the draft state budget was designed to resist US sanctions

TEHRAN: Iran’s President Hassan Rouhani on Sunday presented to parliament what he called a “budget of resistance” against crippling sanctions imposed by arch-enemy the United States.

“Next year, similar to the current year, our budget is a budget of resistance and perseverance against sanctions,” Rouhani told parliament in remarks broadcast on state radio.

“This budget announces to the world that despite sanctions we will manage the country, especially in terms of oil,” he added.

The budget for the financial year starting late March 2020 comes after fuel price hikes that were imposed in mid-November triggered deadly demonstrations across the Islamic republic.

In his speech, Rouhani announced a 15 percent increase for public sector wages in a country whose economy has been battered by US sanctions.

US President Donald Trump began imposing punitive measures in May 2018, after unilaterally withdrawing from an accord that gave Iran relief from sanctions in return for limits on its nuclear program.

The International Monetary Fund has forecast that Iran’s economy will contract by 9.5 percent this year.


US State Department sanctions top IRGC general for crackdown on protesters

Updated 34 min 22 sec ago

US State Department sanctions top IRGC general for crackdown on protesters

  • Hook praised the UK and its decision to classify Lebanon's Hezbollah as terrorist group
  • Hook also said that US sanctions were working

WASHINGTON: The US Department of State imposed sanctions on Friday on a leading Iranian Revolutionary Guard Corps general following Iran’s crackdown on protesters, US Special Representative on Iran Brian Hook said.

“The United States is listing IRGC Brig. Gen. Hassan Shavapor under Section 7031c, visa sanctions,” Hook told reporters.

“General Shavapor committed gross violations of human rights against protesters at the press briefing. He oversaw the massacre of 148 helpless Iranians in the Mashar region last November,” he said.

Hook added that the designation was the result of photographic and video tips submitted to the department by Iranians.

The department has received more than 88,000 such tips since it appealed for Iranians to report evidence of repression and gross human rights abuses, Hook said.

Iran has denied US allegations of widespread repression but has acknowledged confronting separatists in Mahshahr that it said were armed.

Hook's press statement came after Iran’s top leader Ayatollah Ali Khamenei made comments about the day Tehran hit US bases in Iraq with missiles in response to the killing of the country’s top military commander Qassem Soleimani, calling it “a day of God.”

He also said that the killing of Soleimani was a “disgrace” to the American administration and that the attack showed the “terrorist nature” of Washington.

In response, Hook said: “The more Iran threatens the world, the more isolated it will become.”

Hook also said that US sanctions were working, citing Iran's president Hassan Rouhani admitting financial losses due to the sanctions and pointing toward Iran's "major banking crisis." 

He added: "We have succeeded in making the Iranian regime and whoever helps it pay a heavy price."

Also on Friday, Hook praised the UK and its decision to classify Lebanon's Hezbollah movement as a terrorist group.