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🇰🇷 South Korea /Elections & Politics

Iran vows to overcome U.S. sanctions as Washington threatens 'most powerful' measures

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • Iran's Parliament Speaker Mohammad Bagher Ghalibaf called for plans to overcome "unjust sanctions" imposed by the U.S.
  • The remarks follow U.S. Treasury Secretary Janet Yellen's threat of "the most powerful sanctions in history" against Iran.
  • Iran's Foreign Ministry condemned the U.S. sanctions as "economic terrorism," while China urged diplomatic solutions instead of pressure.

Iran's Parliament Speaker Mohammad Bagher Ghalibaf stated that the country needs a plan to overcome "unjust sanctions," responding to the U.S.'s escalating economic pressure. Ghalibaf addressed Iranian and Iraqi business representatives, emphasizing the need to counter what he described as the "plundering" of Islamic nations' resources by enemies.

We must devise a plan to overcome unjust sanctions.

— Mohammad Bagher GhalibafStating the need for a strategy to counter U.S. economic sanctions.

His comments came after U.S. Treasury Secretary Janet Yellen threatened to impose "the most powerful sanctions in history" on Iran. In a CNBC interview, Yellen indicated that details of the economic pressure campaign, aimed at collapsing the Iranian regime, would be revealed on August 24th. This follows President Donald Trump's declaration of an "economic D-Day" against Iran, signaling a shift towards economic tools over immediate military action, according to The New York Times.

We can see that the enemies come to plunder their resources.

— Mohammad Bagher GhalibafDescribing the perceived motives behind foreign economic pressure on Islamic nations.

Ghalibaf argued that economic development and security are intertwined, suggesting that the U.S. and Israel, unable to achieve victory in direct military confrontation, have resorted to economic and cognitive warfare. He advocated for increased economic cooperation between Iran and Iraq, including the use of their respective currencies in bilateral trade to reduce dollar dependency.

The most powerful sanctions in history.

— Janet YellenDescribing the U.S. Treasury's planned sanctions against Iran.

Meanwhile, Iran's Foreign Ministry labeled the U.S. sanctions as "economic terrorism" and "anti-humanitarian crimes," demanding that those responsible face trial. President Hassan Rouhani also stated it was time to end the conflict with the U.S., asserting Iran's advantage and claiming the U.S. is widely disliked for its actions. China's Foreign Ministry spokesperson Lin Jian criticized the U.S. approach, stating that sanctions and pressure are unhelpful and urging all parties to pursue political and diplomatic solutions.

Economic terrorism and anti-humanitarian crimes.

— Iranian Foreign MinistryCharacterizing the U.S. sanctions policy.
DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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