Iran: Total Has 60 Days To Seek US Sanctions Waiver

30 May, 2018, 22:13 | Author: Sue Mclaughlin
  • Sushma Swaraj and Iran minister

Trump also said he would reinstate United States nuclear sanctions on Iran suspended under the nuclear accord and impose "the highest level" of economic bans on the Islamic Republic.

Last month, U.S. President Donald Trump withdrew the United States from the Iran nuclear deal and ordered the reimposition of sanctions that were suspended under a 2015 accord.

Indian Foreign Minister Sushma Swaraj said New Delhi will not make foreign policy decisions under pressure from others.

"India follows only United Nations sanctions, and not unilateral sanctions by any country", she said at a news conference. The MEA remarked that Swaraj and Zarif also discussed bilateral, regional and global issues. If Europe stands firm, India could go on importing Iranian petroleum without much fear of sanctions.

Parties involved in the nuclear deal known as the Joint Comprehensive Plan of Action (JCPoA) "should engage constructively for peaceful resolution of the issues that have arisen with respect to the agreement", it said.

In case Venezuelan dictator Nicolas Maduro and Iranian President Hassan Rouhani were anxious about the next round of sanctions coming their way, they received some good news this week.

India does $115 bn in annual trade with the U.S., but that with Iran is $13 bn a year.

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Washington has recently imposed additional sanctions on Venezuela following the re-election of President Nicolas Maduro.

Trump is also considering new sanctions on Russian Federation, a historic ally and key supplier of arms to India, related to allegations that Vladimir Putin's government interfered in the US election.

Citing committee members, the report said that purchasing the Russian system would make it hard for the USA to share sensitive technology with India.

"We can not have any trade in cryptocurrency, as it is banned by the Reserve Bank of India". To continue with this quest, he has backed an "all of the above" energy strategy much like that of former U.S. president Barack Obama.

India and China have already vowed to continue purchasing Iranian crude oil, despite the Trump administration's crackdown.

The regional bloc focusing on security and trade also includes four ex-Soviet Central Asian republics and two new members, Pakistan and India.

"A major part of the oil is sold to India and China", Nobakht said.

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