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July 17, 2012 5:30 pm

Iranian Parliament Chief: Sanctions are Effecting Economy

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Iranian Parliament Speaker Ali Larijani (left). Photo: Sebastian Zwez

Ynet/AP – Iran’s parliament speaker has acknowledged that tightened sanctions are hurting Iran.

Ali Larijani said 20% of the country’s economic problems are due to sanctions. He did not explain what that meant, but it was the first time that a top Iranian official has quantified the impact of sanctions on Iran’s economy.

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