US, Europe Continue Increasing Trade with Iran Despite Sanctions http://english.farsnews.com/newstext.php?nn=9001134086

The latest figures and statistics revealed that not just the different members of the EU, but the US itself has boosted trade and economic transactions with Iran during the last year despite the UN sanctions and the extra unilateral embargos imposed by the US and its European allies against Iran.According to a report citing Eurostat website, the recent statistics show a 7% increase in trade exchanges between Iran and 27 members of the EU in the second half of 2010 compared with the first half of the same year.

The report also mentioned that the trade exchanges between the two sides were worth 11.8bln euro in the first half of the last year while the number increased to 12.7bln euro in the second half of 2010. Meantime, EU's imports from Iran were worth 6.9bln euro in the second half of 2010, which indicated a 12% growth compared with the first half of the same year. Despite the hostile policies and moves of the United States and its European allies, Iran has shown a promising trend of growth in area of economy. 

Iran is under four rounds of UN Security Council sanctions for turning down West's calls to give up its right of uranium enrichment, saying the demand is politically tainted and illogical. Yet, last year the US and the European Union approved a set of extra unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors, including a US boycott of gasoline supplies to Iran. But the US fuel embargo on Iran proved futile after Iran boosted domestic production, attained self-sufficiency and even exported gasoline.