India to ignore U.S. sanctions on Iran, Venezuela, says FM

31 May, 2018, 23:03 | Author: Donnie King
  • External affairs minister Sushma Swaraj

External Affairs Minister Sushma Swaraj said India abides only by the sanctions imposed by the United Nations and not that of any individual nation indicating that the country may not be in a hurry to re-consider its economic ties with Iran on account of the fresh sanctions imposed by the USA on the Islamic nation.

Ever since Trump withdrew from the nuclear deal with Iran, the U.S. has been resorting to sanctions pressure against Tehran in what the Treasury said was the USA president's "aggressive campaign" against Iran's elite Islamic Revolutionary Guard Corps (IRGC).

India on Monday said that the United States should engage "constructively for peaceful resolution" of all issues on nuclear deal with Iran.

Zarif, for his part, praised the close bilateral ties between Iran and India, saying the leadership of the two sides have made good agreements on promotion of economic relations.

Recall that both these countries are the main suppliers of oil to India.

Lukoil's cautious stance follows an announcement by French energy giant Total earlier this month that it will abandon a major gas project in Iran unless it gets a US sanctions waiver.

Swaraj said New Delhi's position was independent of any other country. "We are also in talks with Europe to continue oil sales to them, and Iran's increased oil sales to them has even been under discussion with them to compensate any drop if some states decrease oil imports".




Indian refiners had slashed purchases of Iranian crude to about half their previous levels when the United Nations, European Union and US imposed a broad array of economic sanctions against Tehran. India should partner other key democracies to push back with full diplomatic strength, including, if necessary, hauling the U.S. into the WTO dispute-resolution body and introducing a UN General Assembly resolution against unlawful extraterritorial sanctions.

"Thanks to India status as Iran's political and economic partner in the region, we have organised the meeting with Indian officials in different governmental sectors", Zarif said.

President Rouhani delivered a scathing blow to Trump after his decision, saying "Iran will be conferring with the world's two super powers, Russian Federation and China".

Bilateral trade between India and Iran amounted to $12.9 billion in 2016-17. India is looking at developing Iran's Chabahar port as a gateway to enter landlocked Afghanistan and Central Asia bypassing Pakistan.

Defence minister Nirmala Sitharaman recently said that any call for peace by Pakistan will be taken seriously by India.

Indian foreign minister Sushma Swaraj (R) and Iranian foreign minister Javad Zarif (R).

Recommended:



Popular

Energy ETFs slide as Russia, OPEC consider raising oil production
The spread between Brent and USA crude oil stands at almost $9 per barrel, its widest since March 2015. It will be made in June, when OPEC + meets to discuss the matter further.

Ambien Hits Back at Roseanne: "Racism Is Not a Known Side Effect"
It's unclear what "statements" Trump is referencing in the tweet, but it likely relates to ABC News' coverage of his presidency. Later, she moderated her stance: "no, I understand her position and why she said what she said. i forgive her".

Rockets lament missed chances after losing to Warriors
But the Warriors proved that they are exactly what their team's name implies, taking the decisive game seven in Houston 101-92. The Cavaliers turned it around the following season and won their first championship in 2016 beating the Warriors.

Is 'Adidon' the Name of Drake's New Adidas Collection?
Pusha T also fuelled rumours that Drake has a secret child with an artist and former adult film actress. Leyes said that the Blackface makeup was Drake's idea and that he was trying to send a deeper message.

PUBG Corporation is Taking Epic Games to Court for Copyright Infringement
Meanwhile, " Fortnite " is now the largest free-to-play console game of all time, and it's dominating PC and mobile as well. Publisher Bluehole and PUBG Corp have harboured a growing concern over rival supermassive hit Fortnite: Battle Royale .

Shakhtar's Fred to move to Manchester United for Euro 50 mln
He also started in their Champions League campaign, and helped them beat none other than Manchester City in the group stages. The potential signing of Fred is an interesting one as he is in many ways quite similar to Paul Pogba .

Will Soft 'Solo' Box Office Cause Disney to Rethink 'Star Wars' Strategy?
That leaves Warner Bros.' " Life of the Party " at No. 5, with an estimate of $6.9 million from 2,937 locations for the four days. The movie sold $14.1 million in Thursday preview ticket sales , which is a record for the Thursday before Memorial Day Weekend.

Woman slips note to veterinary staff pleading for rescue from boyfriend
The woman convinced her boyfriend the dog needed to go to the vet and he agreed, however held her at gunpoint the entire time. On the drive to the vet, Floyd allegedly pointed the gun at his girlfriend, threatening to kill her and her family.

Two injured in Indiana middle school shooting, suspect in custody
He added his brother had been a defensive end for Southern Illinois University's football team, and didn't run away from trouble. He said Seaman immediately ran at the student, 'swatted a gun out of his hand and tackled him to the ground'.

Jokanovic proud Fulham stuck to style in Wembley win
It shows just how good Ryan Sessegnon is that nobody is even surprised when he provides a moment of inspiration in a big game. The Championship play-off final is always an entertaining match. "We were disappointed with the first half", Bruce said.