Ayatollah Ali Khamenei’s says what he calls a “resistant economy” can effectively counter the sanctions.      — File Photo by AFP

TEHRAN: Iran’s supreme leader has outlined a new approach to overcome Western sanctions, stop selling oil and build knowledge-based industries instead.     

Ayatollah Ali Khamenei’s says what he calls a “resistant economy” can effectively counter the sanctions.

This month the European Union enforced a ban on oil imports from Iran, after the US stepped up its banking sanctions.

The sanctions aim to force Iran to stop enriching uranium.

The West suspects Iran is aiming to build nuclear weapons.

Iran denies that.

Khamenei said Iran should stop selling raw materials, including oil, and instead promote “knowledge-based companies which can make a resistant economy more sustainable.”

He gave no timetable or details of what would amount to a total overhaul of Iran’s economy.

Khamenei’s remarks were broadcast on state TV Sunday night.

Opinion

The curse of irrelevance
24 Jul 2021

The curse of irrelevance

Fear, in essence, is a powerful de-motivator for those who believe their success lies in lazy public validation...
Good & bad Muslims
Updated 24 Jul 2021

Good & bad Muslims

It is essential to interrogate the wider epidemic of violence.
The Afghan stalemate
Updated 21 Jul 2021

The Afghan stalemate

The Taliban cannot think of ruling Afghanistan without international legitimacy.

Editorial

Cyberattack on rights
Updated 24 Jul 2021

Cyberattack on rights

A COLLABORATIVE investigation into a data leak of software sold by the Israeli surveillance company NSO Group has ...
24 Jul 2021

Sleeper cells

THERE was a time not too long ago when militant groups had unleashed a reign of terror in Pakistan, resulting in...
24 Jul 2021

Prisoners’ return

THE families of 62 Pakistani prisoners who had been imprisoned in Saudi Arabia had reason to rejoice this Eid as...
India’s admission
Updated 24 Jul 2021

India’s admission

It was no secret that India had been manoeuvring behind the scenes to ensure that Pakistan remained on the grey list.
EU headscarf ban
Updated 23 Jul 2021

EU headscarf ban

Moves by the EU to curtail the religious freedoms of Muslims and others in the bloc need to be reviewed.
Disposal of offal
Updated 22 Jul 2021

Disposal of offal

The least people can do is to make an effort and dump entrails in designated areas.