December 8, 2019

Iran's President Hassan Rouhani announced Sunday a "budget of resistance" against US sanctions targeting the country's vital oil sector, backed by a $5 billion Russian investment.

Rouhani said the aim was to reduce "hardships" in the Islamic republic where a sharp fuel price hike last month triggered nationwide demonstrations that turned deadly.

The US sanctions imposed last year in a bitter dispute centered on Iran's nuclear program include an embargo on the oil sector whose sales Washington aims to reduce to zero in a campaign of "maximum pressure."

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