Iran to Implement “Comprehensive Plan” for Countering US Sanctions

The package, named the Comprehensive Plan for Countering Sanctions, was delivered by Mohammad-Baqer Nobakht, the head of Planning and Budget Organization of Iran

According to a report by IRNA, the package, comprising 12 sections, outlines different scenarios for the imposition of US sanction and discusses how government bodies should work together to nullify their effect.

The plan contains measures for boosting domestic production, creating jobs and fighting extreme poverty.

It also offers solutions for supplying basic goods and energy to the nation, transferring goods, assisting industries and boosting trade under sanctions.

The plan has been devised by experts at the Planning and Budget Organization in consultation with academics and economists.

The remaining parts of the plan will be delivered to the president soon, Nobakht said.

The plan should be ratified by the supreme council for economic coordination of the three branches of power.

US President Donald Trump has vowed to return anti-Iran sanctions suspended under the nuclear deal, and push Iran’s oil exports to zero in the upcoming months.

Some sanctions take effect after a 90-day “wind-down” period ending on August 6, and the rest, notably those affecting the petroleum sector, after a 180-day period ending on November 4.

Senior US officials are pressing allies in Europe, Asia and the Middle East to adhere to the sanctions and reduce their oil supplies from Iran.

US Secretary of Treasury Steven Mnuchin on Friday threatened the US considers imposing sanctions on China and other countries if they keep up purchasing Iranian oil.