“Iran Sanctions Negative Impact On World Economy”

Permanent Costa Rican representative to the UN Eduardo Ulibarri says sanctions against Iran, particularly on its oil sector, have had many adverse consequences on the global economy.

“The adverse consequences of anti-Iran sanctions on the global economy are a fact that cannot be overlooked,” Ulibarri told IRNA on Sunday. 

He added that sanctions had more negative impacts on the global economy than on the Iranian economy and nation, emphasizing that this reality is not one that can be hidden. 

The Costa Rican envoy pointed out that everyone is aware that imposing sanctions against Iran’s oil industry have driven up the global prices of crude. 

“Our ideal [situation] is based on lifting all sanctions (against Iran),” Ulibarri said. 

In response to a question about constructive talks between Iran and the six major world powers (P5+1) held in the Turkish city of Istanbul on April 14, he stated that if the negotiating sides have come to the conclusion that Tehran will continue cooperation, the West should reduce sanctions against the country. 

Iran has cut crude exports to some European countries as part of its counter-sanctions. 

The decision was made after EU foreign ministers agreed on January 23 to ban oil imports from Iran and freeze the assets of the Central Bank of Iran (CBI) across the EU.