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Economics

Iran’s Rouhani Says U.S. Sanctions Cost Country $200 Billion

Renewed U.S. sanctions have cost Iran $200 billion in foreign-exchange income and investment, Iranian President Hassan Rouhani said Tuesday.

Sanctions have deprived the Islamic Republic of $100 billion in oil revenue in the last two years and an equal amount in foreign investment credit, Rouhani said in a televised speech, according to his official website.