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"America's unjust and illegal sanctions against the honourable nation of Iran have targeted our nation in a clear instance of terrorism," Rouhani said in a televised speech.
He was speaking at a conference on terrorism and regional cooperation attended by parliament speakers from Afghanistan, China, Pakistan, Russia and Turkey.
"Economic terrorism is designed to create panic in the economy of a country and fear in other countries in order to prevent investment in the target country," Rouhani said.
"We are facing an all-out assault which is not only threatening our independence and identity but also is bent on breaking our longstanding ties."