These discriminatory and forced steps are a violation of the principles of international law and national sovereignty and are a modern form of economic imperialism. ”

The post further stated, “Such policies are a more powerful, emerging, non-western multilateral world system and a strong global south move.”

Iran’s response came within 24 hours of the US announcement, in which US President Donald Trump had from August 1 to impose 25 percent tariff on India and a penalty to buy oil from Russia.

Meanwhile, Iran’s Foreign Ministry on Thursday termed the new US sanctions imposed on Iran’s oil trade as an “unwanted act” and said that its aim is to damage the country’s economic development and the good of its citizens.

Iranian Foreign Ministry spokesman Ismail Bakai, while strongly condemning the restrictions imposed by the US on Iran’s oil and energy sector institutions, individuals and ships, described them as an “repressive sanctions” and said that this is a clear evidence of American policy makers’ enmity towards Iranian public.

Addressing the media in Tehran, Bagi said, “These unilateral and illegal restrictions fall under the category of crime, violating international law and basic principles of human rights and are crimes against humanity.”