The chairman of the Iranian Parliament’s Economic Commission said the country’s Economy Ministry plans to establish an “anti-sanctions management room” in a bid to counter the latest economic embargoes imposed by Washington against Tehran.
Mohammad Reza Pour Ebrahimi said the members of the Parliament’s Economic Commission held a meeting in Tehran on Tuesday attended by Economy Minister Farhad Dejpasand and some banking officials.
“The formation of the anti-sanctions management room in the Economy Ministry aimed at monitoring the Americans’ measures in the banking sector and (Iran’s) moves to strengthen (its) banking system was discussed in the meeting,” he said.
The parliamentarian went on to say that some strategies to counter US sanctions on Iranian banks are confidential and will be pursued by the anti-sanctions management room.
Tensions between Iran and the US have escalated since US President Donald Trump walked away from the 2015 nuclear deal between Iran and world powers in May and re-imposed sanctions on the Islamic Republic.
US officials have also repeatedly said they will cut Iran’s oil exports to zero.
Following the US exit from the nuclear deal, Iran and the remaining parties launched talks to save the accord.
Trump on August 6 signed an executive order re-imposing many sanctions on Iran, three months after pulling out of the Iran nuclear deal.
He said the US policy is to levy “maximum economic pressure” on the country.
The second batch of US sanctions against the Islamic Republic took effect on November 4.