The Head of Iran's Chamber of Commerce, Industries and Mines Mohammad Nahavandian said Sunday that West-imposed sanctions on Iran have no impact on its national economy, the official IRNA news agency reported.
Referring to a meeting the G5+1 held in New York on Saturday to discuss a fourth round of sanctions on Iran, Nahavandian pointed out that the former three series of sanctions proved no impact on Iran's national economy, the report said.
The five permanent members of the UN Security Council, namely Britain, China, France, Russia and the United States, plus Germany (G5+1), ended a meeting on Saturday in New York with no clear agreement over the Iranian nuclear issue.
Pushed by Washington and its Western allies, the UN Security Council has since 2006 snapped three sets of sanctions on Iran in a bid to force the Islamic republic to terminate uranium enrichment activities.
Previous experience indicated that such policies are ineffective and Iran is going ahead with economic development, said Nahavandian.
"Ill-wishers seek to tighten grip over Iran's economic development, but vigilance of Iranian nation and economic experts will be vital to
nullify the policy," he was quoted as saying.
The West accuses Iran of covertly building nuclear weapons, while Tehran maintains that its nuclear program is intended to generate electricity for its population.