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European Restrictions On Iranian Oil Export To Play No Decisive Role

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  • European Restrictions On Iranian Oil Export To Play No Decisive Role

    EUROPEAN RESTRICTIONS ON IRANIAN OIL EXPORT TO PLAY NO DECISIVE ROLE: RUSSIAN EXPERT

    http://www.tehrantimes.com/economy-and-business/96729-european-restrictions-on-iranian-oil-export-to-play-no-decisive-role-russian-expert

    On Line: 09 April 2012 14:13
    In Print: Tuesday 10 April 2012

    MOSCOW - Export restrictions for the Iranian oil into Europe will play
    no key role on the export potential in the long-term perspectives,
    Russian economist Leonid Grigoryev told Armenian News-NEWS.am.

    "Iranian oil is mainly exported to China, India, South Korea, which
    are strategically important to the state. What happens today is more
    politics then economics. Restrictions toward Iran will not make its
    economy knee down," Grigoryev said adding another positive effect
    for Iran is the increase in prices.

    Besides, restrictions refer not to fully cutting the oil supplies but
    to suspend its import to Europe. Over 20% is expected to cut down,
    while taken into account the raise of the

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