Tehran, Jan 6, IRNA � Saudi Arabia's decision to cut off economic relations with Iran would have a negative impact on the kingdom, not on Tehran, Iranian First Deputy Minister of Industry, Mine and Trade Mojtaba Khosrotaj said.


�Iran will not be affected by the severance of economic relations with Saudi Arabia, but they themselves will feel an impact from this decision,� Khosrotaj told Sputnik on Tuesday.
A diplomatic row erupted late Sunday after Riyadh severed its ties with Tehran over attacks on its diplomatic missions in Iran, triggered by the execution of a prominent Shia cleric by the Saudi regime.
According to the deputy minister, the volume of Iranian export to Riyadh in the first half of 2015 stood at $132 million, while the import accounted for only $40 million.
Iran mainly exports food to Saudi Arabia and imports oil products, Khosrotaj said, adding that while the petrochemical products can be �easily replaced by supplies from other markets,� Saudi Arabia would lack goods on its market.
On Saturday, Saudi Arabia executed 47 individuals after convicting them of terrorism charges, including prominent Shia preacher Nimr al-Nimr, despite the cleric�s reputation for peaceful opposition to the kingdom's despotic government.
Tehran, as well as many other regional and international powers and watchdogs, has condemned the move.

By IRNA