Industry ministry unveils priorities in sanction era

November 9, 2018 - 22:37

TEHRAN- Priorities of the ministry of industry, mine and trade under the imposed U.S. sanctions include “supply of basic goods besides regulating and controlling Iran's markets”, “protecting domestic production and supplying raw material,” “renovation of industries”, and “supplying working capital of producers”, Iranian deputy industry minister announced.

As Sadeq Najafi told IRNA, the ministry has the named priorities on agenda in all of its planned programs.

On May 8, U.S. President Donald Trump pulled his country out of the Joint Comprehensive Plan of Action (JCPOA), the official name for the 2015 nuclear deal, and ordered restoration of sanctions against Iran which were lifted under the agreement.

On November 4, the Trump administration has unveiled the full extent of its new sanctions on Iran, with targets including 50 banks and their subsidiaries, the national airline, and 200 members of the shipping industry and vessels.

HJ/MA

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