Iran may cut oil sales to EU before July - Reuters

TEHRAN, Jan 26 (Reuters) - The European Union rather than Iran will lose out under new EU sanctions banning Iranian oil, President Mahmoud Ahmadinejad said on Thursday as lawmakers said they might cut supplies to EU countries ahead of a July 1 deadline.

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TEHRAN, Jan 26 (Reuters) - The European Union rather than Iran will lose out under new EU sanctions banning Iranian oil, President Mahmoud Ahmadinejad said on Thursday as lawmakers said they might cut supplies to EU countries ahead of a July 1 deadline. "It is the West that needs Iran and the Iranian nation will not lose from the sanctions," Ahmadinejad said in his first public comments on the issue since the EU's 27 member states agreed the ban on Monday. TEHRAN, Jan 26 (Reuters) - The European Union rather than Iran will lose out under new EU sanctions banning Iranian oil, President Mahmoud Ahmadinejad said on Thursday as lawmakers said they might cut supplies to EU countries ahead of a July 1 deadline. "It is the West that needs Iran and the Iranian nation will not lose from the sanctions," Ahmadinejad said in his first public comments on the issue since the EU's 27 member states agreed the ban on Monday. "There was a time when 90 percent of our trade was with the Europeans. It has now dropped to 10 percent. We didn't call for this. Cut it (trade) and let's see who will incur the loss," he said in excerpts of a speech broadcast on state radio.

Iran may cut oil sales to EU before July - Reuters