Following China, South Korea, India and Turkey, Japan has resumed oil imports from Iran, IRNA reported, quoting Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati.
On Sunday, Hemmati wrote on his Instagram page: “In addition to tens of billions of dollars of the CBI’s active resources with foreign banks, new oil revenues will gradually join the business cycle which is regarded as a strong and reliable support for our Iran’s trade.”
Hemmati accused “certain elements from both in and outside the country” of “trying to influence the market by creating false negative atmosphere,” and insisted that “Iran’s non-oil exports, thanks to letters of understanding the export companies have signed with the Central Bank of Iran, will gradually tune activities with the imports sector as well.”
On November 4, the Trump administration reinstated the sanctions that had been removed under the 2015 nuclear deal, targeting both Iran and states that trade with it. Dubbed the “toughest ever” sanctions against Iran, they hit oil exports, shipping and banks, threatening the very core of Iran’s economy.
However, while issuing the sanctions, the US also granted exemptions to eight countries, including India, to import Iran oil.
The CBI chief further reassured Iranians that their country possesses sufficient foreign cash to meet their demands.