Iranian officials said Wednesday that new sanctions will bear no impact on the country following European Union's (EU) fresh sanctions against Iran over its nuclear program.

Iranian President Mahmoud Ahmadinejad gestures while speaking for his supporters during his visit of the city of Shahrekord in Chahar Mahal va Bakhtiari province, 521 km (326 miles) south west of Tehran June 16, 2010. [Xinhua]

Iranian President Mahmoud Ahmadinejad said Wednesday that the sanctions against Iran over its sensitive nuclear program will have no impact on the country, local satellite Press TV reported.

Making the remarks at the inaugural ceremony of two projects in the southern Iranian gas-rich zone of Assalouyeh in Bushehr province, Ahmadinejad said "we do not welcome sanctions but we declare that Iran has mounted its efforts" to overcome the sanctions.

He advised foreign companies to abandon the imposed sanctions against Iran, otherwise "they will soon lose markets in other countries as well as in Iran," said the report.

EU foreign ministers on Monday approved tougher sanctions against Iran over Tehran's nuclear program, including restrictions on banking and insurance, transport and investment in new oil and gas fields or technical assistance to oil and gas development.

Head of Iran's Parliament National Security and Foreign Policy Commission Alaeddin Boroujerdi said Wednesday that EU's sanctions are a loss for Europeans and prevent their companies from cooperating with Iran, the semi-official ISNA news agency reported.

Boroujerdi urged the Iranian government to cooperate only with countries that do not take "illegal actions against Iran," according to the report.

"Europe does not act independently in making decisions and these sanctions which go beyond (UN) resolutions are approved due to the U.S. pressures," he told ISNA.