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

Published December 8, 2019, 12:00 AM

by manilabulletin_admin

By Reuters 

DUBAI – Iranian President Hassan Rouhani presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist US sanctions by limiting dependence on oil exports, which Washington has targeted.

Iranian President Hassan Rouhani speaks during a session of parliament in Tehran, Iran, December 8, 2019.  (Official President website/Handout via REUTERS/MANILA BULLETIN)
Iranian President Hassan Rouhani speaks during a session of parliament in Tehran, Iran, December 8, 2019. (Official President website/Handout via REUTERS/MANILA BULLETIN)

US President Donald Trump pulled the United States out of a multilateral nuclear deal with Iran last year and reimposed sanctions on Iran, focusing on its vital oil industry.

“This is a budget to resist sanctions … with the least possible dependence on oil,” Rouhani told parliament, according to state television.

He gave the value of the draft budget at about 4,845 trillion rials ($38.8 billion at the free market rate) for the next Iranian year which starts on March 20, 2020.

 
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