Global General

Iran says sanction measures 'pointless'

(Xinhua)
Updated: 2011-02-16 16:35

TEHRAN - Iranian President Mahmoud Ahmadinejad said that the sanction measures adopted by UN against the Islamic republic over its nuclear program are "pointless," the English language Press TV reported on Wednesday.

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President Ahmadinejad downplayed the impact of sanctions and said that in the modern world, where economies are so competitive, such kind of punitive measures are pointless, said the report.

The sanctions imposed on the country may have caused prices to increase in a few cases, but they will decrease in the near future, he said, adding that Iran's economy is flourishing.

Ahmadinejad noted that these sanctions will eventually benefit the national economy, since Iran has attained self-sufficiency in many areas, according to Press TV.

Iran is under sanction pressures by the United States, European Union and other western countries over its controversial nuclear program which the West believe are moving to the atomic weaponry developments. However, Tehran denied the allegations, claiming that its nuclear program is for civilian and peaceful purpose.