Middle East News
Iran: New US sanctions to have no effect, just propaganda
Feb 7, 2012, 8:27 GMT
Tehran - Tehran said Tuesday that the new US sanctions against Iran would have no effect and were solely propaganda.
The White House announced Monday that US President Barack Obama has expanded sanctions against Iran and its central bank and frozen all its assets and property in the United States.
'Iran's central bank has no financial transactions with the US and is therefore not affected by the new sanctions,' said Foreign Ministry spokesman Ramin Mehmanparast.
'The sanctions have therefore no effect and are just a psychological war and propaganda by the US,' he added.
The US and European Union have in recent weeks announced new sanctions targeting Iran over its nuclear activities.
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