The development comes as the United States and Iran are experiencing a new low in their relations on the heels of the recent drone attack against Saudi oil refineries that Washington and its allies have swiftly blamed on Tehran – a claim that the Islamic Republic vehemently rejects.
The Russian Foreign Ministry has condemned the latest batch of sanctions introduced against Iranian institutions, calling them “illegitimate”.
“This will not affect our approaches to Iran. As we planned, we will continue to cooperate with Iran in the banking sector. This will have no effect [on Russia’s position],” Russian Foreign Ministry Second Asian Department Director Zamir Kabulov said.
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