China and Russia can help our oil and banking sectors- Iranian President Hassan Rouhani

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Iranian President Hassan Rouhani has struck a hard line as the U.S. restored sanctions that had been lifted under the 2015 nuclear deal, demanding compensation for decades of American “intervention” in the Islamic Republic.

In a live televised interview, Rouhani assured America that Iran can rely on China and Russia to help its oil and banking sectors as the U.S. ramps up sanctions in the coming months

The renewed sanctions target Iran’s automotive sector as well as gold and other key metals.

Rouhani said. “If someone has knife in the hand and seeks talks, he should first put the knife in his pocket,”

A first set of U.S. sanctions that had been eased by the Obama administration under the landmark nuclear deal took effect again on Monday, following President Donald Trump’s decision in May to withdraw from the accord. Renewed sanctions targeting Iran’s oil industry and banking sector will resume on November 4.