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The IMF expects a slowdown of the Iranian economy due to U.S. sanctions – Russia news today

The IMF expects a slowdown of the Iranian economy due to U.S. sanctions

© RIA Novosti / Natalia to Seliverstova in photobacteria the International monetary Fund in Washington. Archival photoThe IMF expects a slowdown of the Iranian economy due to U.S. sanctions© RIA Novosti / Natalia to Seliverstova the image Bank

The international monetary Fund (IMF) expects that the sanctions against Iran’s oil sector will lead to a slowdown of its economy, said at the regular press briefing press Secretary of the IMF Jerry rice.

«The re-introduction of US sanctions will reduce economic growth because of the restrictions on exports of Iranian oil,» he said. And added that the Iranian government needs to take steps to maintain macroeconomic stability.

The President of the United States Donald trump announced in may that Washington is out of agreement with Iran on its nuclear program. He also reported the return of all sanctions against Iran including secondary, that is, against other countries doing business with Iran.

Once again, the U.S. has enacted on August 7 some of the sanctions against Iran. The more significant sanctions that would cover oil exports, are expected on 5 November. Washington has said it aims to bring Iranian oil exports down to zero and urged its customers to abandon such purchases.

The IMF expects a slowdown of the Iranian economy due to U.S. sanctions© RIA Novosti, Infographicsrussia against Iran

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