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Iran's supreme leader urges domestic economy boost to counter sanctions
TEHRAN, Iran (AP) ' Iran's supreme leader says more support for domestic industrial production can counter Western sanctions over Tehran's nuclear program.
The official IRNA news agency quotes Ayatollah Ali Khamenei as saying that Iran can withstand the economic pressures, which include blocking many Iranian banks from the network that handles most international banking transfers.
Khamenei made the comments Tuesday in his message for the Iranian new year.
Iran has faced decades of sanctions, but has built significant domestic industries such as auto production and military systems. The latest sanctions, however, are far tougher and target Iran's banking sector and critical oil exports.