Sanctions announced by a set of Western states against Iran will bring no results, a spokesman for the Iranian Foreign Ministry said, Iran News reports.
The official says that Iran has ended almost all trade-economic interaction with the US and UK in the last years. However, Iran is still active with its neighbors. Its trade turnover has increased by 36% since early 2011. The sanctions carry a psychological effect, proving hostility towards the Islamic Republic, he continues.
The US, UK, France and Canada announced new sanctions against, Iran primarily hitting its petrochemical industry and banking sector.
