India Stands With Iran Against Trump Sanctions

India Stands With Iran Against Trump Sanctions

India Stands With Iran Against Trump Sanctions

In comments before meeting Zarif, the Indian foreign minister had announced that her country would abide only by the sanctions imposed by the United Nations, not by those imposed by any other country, such as the USA sanctions against Iran.

Swaraj on Monday met Iranian Foreign Minister Javad Zarif, in New Delhi to build support against the United States rejection of the nuclear accord.

India will reportedly pay for Iranian oil in rupees as the two countries seek to bypass the USA economic pressure on Tehran, industry officials have told the Sputnik news agency.

In a statement on May 13, U.S. National Security Adviser John Bolton said clearly that countries that "continue to deal with Iran could face sanctions".

India is also wary of USA sanctions affecting its oil imports from Iran, one of its closest sources.

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The talks come against the backdrop of a United States law that imposes sanctions against Russian Federation and Iran.

The representative of the East Asian country made the remarks, in New Delhi, at a joint news conference with Iranian counterpart Mohammed Javad Zarif. Union home minister Rajnath Singh followed up by saying that India was not averse to talks but Pakistan should take some initiative to curb infiltration and come forward to jointly take action against terrorists.

Timothy O'Toole, a sanctions lawyer at Miller and Chevalier, told The Financial Times earlier this month that Chinese companies such as CNPC did not fear sanctions because "they will likely view the risk of US enforcement as low" and had "less connection with the USA generally [than European groups and] less connection with the US financial system in particular".

Zarif's visit is in line with Iran's overall dynamic diplomacy to outline Tehran's views and policies regarding the nuclear deal signed with six world countries in 2015.

Bilateral trade between India and Iran amounted to $12.9bn in 2016-17. Iran has now developed insurance instruments of its own for its oil exporting tankers and also built a small fleet of such tankers, so that some of the tactics the Obama administration tried to marginalize Iran are now more easily overcome. Citing Mac Thornberry, chairman of US House Armed Services Committee, a report said that the concerns have been conveyed to different levels in the Indian establishment. India is looking at developing Iran's Chabahar port as a gateway to enter landlocked Afghanistan and Central Asia bypassing Pakistan.

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