Ahmadinejad admits sanctions hurting Iranian economy

Click photo to download. Caption: Mahmoud Ahmadinejad. Credit: Wikimedia Commons.(JNS.org) Iranian President Mahmoud Ahmadinehad on Tuesday admitted that the West’s sanctions have created problems for the Islamic Republic’s oil exports and banking.

“There are barriers in transferring money, there are barriers in selling oil,” he said on television, according to Israel Hayom.

The West has launched an “all-out ... war” against Iran by imposing the sanctions, Ahmadinejad said. In July, the European Union banned oil imports from Iran, just after the U.S. enacted tough measures against Iran’s central bank. The sanctions are aimed at curbing Iran’s nuclear program.

Ahmadinejad said that Iran is “removing” the barriers, without saying how.

Posted on September 5, 2012 .