Iran able to receive oil revenues despite sanctions: CBI chief

Tasnim – Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the ineffectiveness of US attempts to cut the Islamic Republic’s oil exports to zero and said the country has found paths to receive its oil revenues.

Last year, the US and its allies had plotted to “bring Iran to its knees” but all their attempts were in vain, Hemmati said on Friday.

“This year, we have better conditions, standing firm in this path and fortunately, the economic stability has been established at the current situation,” he noted.

“The US has declared that it has put maximum pressure on Iran and has tried to reduce Iran’s oil sales but we found the paths and processes to recurve our revenues…,” the top official noted.

The remarks came against the backdrop of increased tensions between Iran and the US with Washington imposing new sanctions against the Islamic Republic.

The US has ratcheted up pressure on Iran since last year after withdrawing from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

Since then, the administration of US President Donald Trump is trying to reduce Iran’s oil exports to “zero,” and has sent an aircraft carrier strike group, a bomber squad, an amphibious assault ship, and a Patriot missile battery to the Middle East to try to stack up pressure on Tehran.

Iranian officials, however, have dismissed such moves as psychological warfare, saying the country has its own ways of circumventing the American bans and selling crude oil.