President Mahmoud Ahmadinejad on Sunday downplayed U.N. Security Council sanctions on his country over its refusal to suspend uranium enrichment, saying world powers will soon regret imposing them. "Iran has no concern and is not upset about the Security Council issuing the resolution," Iran's official news agency, IRNA, quoted Ahmadinejad as saying. On Saturday, the Security Council voted unanimously to impose sanctions on Iran for refusing to suspend uranium enrichment, increasing international pressure on the government to prove that it is not trying to make nuclear weapons. Iran immediately rejected the resolution and has vowed to push forward with uranium enrichment. Speaking to a group of veterans from the 1980-88 Iran-Iraq war inside the former U.S. embassy in Tehran, Ahmadinejad said, "This will not damage the nation of Iran, but its issuers will soon regret this superficial and nil act." The hard-line president also said the West lost its chance to mend relations with Iran by imposing the sanctions. "I am sorry for you who lost opportunity of friendship with nation of Iran. You yourself know that you cannot damage nation of Iran one iota," IRNA quoted him as saying. The result of two months of tough negotiation, the U.N. resolution orders all countries to stop supplying Iran with materials and technology that could contribute to its nuclear and missile programs. It also freezes Iranian assets of 10 key companies and 12 individuals related to those programs. http://edition.cnn.com/2006/WORLD/meast/12/24/un.iran.ap/index.html We will have to see what impact these latest UN Sanctions have Post your comments post please:-
According to CIAs the world factbook, Iran had a GDP growth of 6.9% in 2005 and on the same time an ineffective state sector, Ahmadinejad has now the chance to complement the loss from the sanction by making internal reforms. However, since we are so dependent on oil nowadays, these sanctions can very well bring up the oil price significantly.
Interesting input latehorn but internal reforms might be difficult to apply as Ahmadinejad will want to keep domestic politics calm, as long as he is making waves internationally as he has done throughout the last year But yes the sanctions will impact on the oil prices However in typical Middle Eastern fashion he could get positioned politically between 'the rock and the hard face' so he will have dance smart to keep calm waters on both the domestic and the international front