IFP Exclusive

Iran says new US sanctions having no impact on petrochemical industry

The secretary general of Iran’s petrochemical industry guild union says new sanctions on the country will have no impact on its activities, although the bans could be part of a propaganda campaign and psychological warfare.

Ahmad Mahdavi said Iran will continue working as before because it’s already been under sanctions and the punitive measures did not affect Tehran’s exports.

Mahdavi noted that the exports have an upward trend.

He added that Iran does not use SWIFT for bank transactions nor does it need to open LC’s, noting that the Islamic Republic will work according to the sanctions rules.

Mahdavi also spoke about the impact of the Ukraine war on Iran’s petrochemical exports.

He said the conflict has affected the exports but the impact has not been huge.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

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