Iran will stop its oil exports to Europe, Oil Minister Rostam Qasemi said Saturday.
The development comes after the European Union endorsed the measures adopted by the foreign ministers of the 27-member block Jan 23 against Iran's oil exports.
Qasemi Saturday called on the EU to review its decision and said Iran's oil exports to Europe comprise only 18 percent of the country's total oil exports.
He was speaking at a press conference Saturday, China Daily reported.
The embargo will not create any problem to Iran, he said.
Published 04 February 2012, 12:57 IST