India to ignore Iran, Venezuela sanctions

Hugh Fox
May 31, 2018

He also praised Iran and India's mutual ties and said bilateral political and economic relations between Tehran and New Delhi have always been at a good level.

But India's post-independence history as a leader of the "non-aligned" movement - developing nations not allied with the USA or the then-Soviet Union - means New Delhi maintains economic relationships that raise eyebrows in western capitals, including with Iran, Venezuela and North Korea. There are apprehensions that the Chabahar project could also suffer delay in the wake of the USA sanctions.

This statement was made foreign Minister of India Sushma Swaraj after meeting with her Iranian counterpart Javad Zarif in new Delhi, writes on may 28 edition of the Times of Israel, citing AFP.

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"India follows only United Nations sanctions and not unilateral sanctions by any country", she said when asked about New Delhi's response to the U.S. decision to withdraw from a 2015 key nuclear agreement and re-impose sanctions against Tehran.

"We have added the people's policy in the foreign policy".

However, officials said the U.S. decision to reinstate financial sanctions on Iran would not impact India's oil imports as long as European countries did not follow suit.

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But Iranian officials have said their biggest fear is the possible loss of major customers for Iran's oil. Sanctions imposed by the Obama administration, targeting financial institutions dealing with Iran, had forced India to cuts its imports from Tehran.

India's Swaraj said the country would ignore the United States trade sanctions against Iran. 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.

The 2015 agreement between Iran and world powers lifted global sanctions on Tehran.

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The sanctions target Director-General of Islamic Republic of Iran Broadcasting Abdulali Ali-Asgari, Ansar-e Hezbollah leaders Hossein Allahkarah, Abdolhamid Mohtasham and Hamid Ostad, Secretary of Iran's Supreme Cyberspace Council Abolhassan Firouzabadi and Iranian judiciary official Abdolsamad Khoramabadi, the US Treasury Department's statement said. Even if Iran is again kicked off the bank exchange, Iran and India in the past have traded billions in rupees and riyals, which locks them in to buying from each other with the money but is better than foregoing the trade.

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