MOSCOW. – Export restrictions for the Iranian oil into Europe will play no key role on the export potential in the long-term perspectives, Russian economist Leonid Grigoryev told Armenian News-NEWS.am.

“Iranian oil is mainly exported to China, India, South Korea, which are strategically important to the state. What happens today is more politics then economics. Restrictions toward Iran will not make its economy knee down,” Grigoryev said adding another positive effect for Iran is the increase in prices.

Besides, restrictions refer not to fully cutting the oil supplies but to suspend its import to Europe. Over 20% is expected to cut down, while taken into account the raise of the price, it would not be significant.