anirudhsethireport.com
08 January 2012
Iran and Russia have replaced the U.S. dollar with their own currencies in their trade ties, a senior Iranian diplomat announced on Saturday.
Speaking to FNA, Tehran’s ambassador to Moscow, Seyed Reza Sajjadi said that the proposal for replacing the dollar with the ruble and rial was raised by Russian President Dmitry Medvedev in a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana on the sidelines of the Shanghai Cooperation Organization meeting.
“Since then we have acted on this basis and a part of our interactions is done in ruble now,” Sajjadi stated, adding that many Iranian traders are using the ruble for their trade deals.
“There is a similar interest in the Russian side,” the envoy stated, adding that Moscow is against unilateral sanctions on Iran outside the U.N. Security Council, specially the recent sanctions against Iran’s Central Bank.
Imposing sanctins on Iran’s central bank “is unacceptable,” Sajjadi said. “The Russians have clearly announced that they will not accept these sanctions and Iran’s nuclear issue is resolvable just through negotiations.”
Iranian President Mahmoud Ahmadinejad hit back at the United States after it introduced new sanctions against Iran’s central bank.
President Ahmadinejad told an annual meeting of senior central bank officials that Iran’s central bank would respond with “force” to the new U.S. sanctions intended to pressure Tehran to abandon its nuclear program.
He said the bank was strong enough to defeat “enemy plans.”
Read more: Iran and Russia drop dollar for their own currencies in bilateral trade
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