» 06/12/2012, 00.00
INDIA - UNITED STATES - IRAN
Iranian oil: US cancels economic sanctions against India
Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan are also exempted. For US Secretary of State Hillary Clinton, these countries have "significantly reduced" Iranian oil imports. New Delhi downplays the US decision, saying it is based on US domestic law. China could still be hit by sanctions.
(AsiaNews/Agencies) - The United States has cleared India from US sanctions
after it "significantly reduced" its imports of Iranian oil, US Secretary of
State Hillary Clinton said a few hours before Indian External Affairs Minister S.M.
Krishna arrives in Washington on an official visit. New Delhi, however,
downplayed Clinton's remarks, saying it was a "decision taken by the Obama
Administration under its domestic law." Other nations excluded from sanctions
are Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan. Conversely,
China could still be hit by sanctions.
December 2011, the United States passed a law imposing economic sanctions
against countries that traded with Iran. It set out a deadline of 28 June for
compliance. Its aim is to increase pressure on Tehran to give up its nuclear
Tehran's claims that its nuclear programme is exclusively peaceful, Israel and
much of the international community believe Iran's has a secret military agenda.
March, Clinton cancelled sanctions against ten member states of the European
Union and Japan.
is a decision taken by the US Government under its domestic law," India's External
Affairs Ministry spokesperson Syed Akbaruddin said.
and the US have a growing strategic partnership. The India-US Strategic
Dialogue on June 13 will once again demonstrate the strength of our
relationship," Akbaruddin added.
imports from Iran have been a steadily declining share in India's total oil
imports, dropping from over 16 per cent in 2008-09 to almost 10 per cent in 2011-12.
Month, during an official visit to India, Clinton urged New Delhi to do more to
cut oil imports from Iran.
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