Iran unveils ‘budget of resistance’ to sanctions with help from $5bn Russian loan

The Guardian – Iran’s president says his country will depend less on oil revenue in a budget designed to resist crippling US sanctions

Iran’s president says his country will depend less on oil revenue next year, in a “budget of resistance” that will partly depend on a $5bn Russian loan.

Speaking during Sunday’s opening session of parliament, Hassan Rouhani said: “The budget is based on maximum pressure and sanctions.

“Next year, similar to the current year, our budget is a budget of resistance and perseverance against sanctions. This budget announces to the world that despite sanctions we will manage the country, especially in terms of oil.”

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