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Experts for CNN: Europe unable to survive long without Iranian oil

01 May 2012 11:13 (UTC +04:00)

â€ŽBaku - APA. â€œA number of economic experts and analysts confirmed that several European countries cannot afford the economic burden caused by the boycott of Iranian oil, especially in the current stage and the slow steps towards recovery from the point of the economic crisis that swept the world and Europe in particular, Al-Manar TV reported.

A number of the concerned observers said that the recent steps taken by Iran to halt the oil supply for a number of European parties show an indifference to the sanctions imposed on it, and that they are ineffective in cracking down on the Iranian regime to prevent the nuclear issue from moving forward.

According to a previous report broadcast earlier on the Iranian state television, the sanctions imposed by the United States and European countries on Iran have failed and could not achieve the desired goals, to deter Iran from pursuing its nuclear projects first and foremost.