Iranian Vice President Mohammad-Reza Mir-Tajeddini Friday downplayed oil sanctions by Western countries against the Islamic Republic.
The remark came only a few days after the US exempted 11 countries from being sanctioned.
The Iranian vice-president told reporters that in a clear retreat, the US exempted 11 countries from oil sanctions against Iran.
He added the hostile US policy of imposing sanctions on the Iranian oil sector is, undoubtedly, a failure.
Washington had announced that Japan and 10 member states of the European Union were going to be exempt from being penalized for importing Iranian oil. However, the Islamic Republic’s biggest buyers; China, India and South Korea, are still on the list. China alone receives about 22 percent of Iran’s oil exports.