Graphic: MGN OnlineIran Admits Western Sanctions Are Inflicting Damage -- New York Times
Iran’s veneer of stoicism toward the Western sanctions that have disrupted its economy showed some new strains on Monday, as the deputy oil minister acknowledged a decline in domestic petroleum production because of dwindling foreign investment, and four-year-old talks between the Iranians and Poland’s biggest natural gas developer collapsed.
The Iranians also suffered an embarrassment after prematurely announcing that a Russian oil company had committed $1 billion to help revive a dormant oil field in Iran’s southwest. Hours later, the Russian company, Tatneft, denied on its Web site that a deal had been signed.
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My Comment: I am sure that sanctions are impacting the Iranian economy .... with even more planned .... but the Iranian government has even more to blame, and are using sanctions as their excuse for their incompetence and corruption.
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