Halt Iranian oil imports or invite sanctions: US to India

Department of State

Washington, June 27: The United States has warned all countries including India to stop importing oil from Iran by November otherwise they will be subjected to sanctions.

The senior US State Department official ruled out any exemption for India and Indian companies and said the Donald Trump administration has asked its allies to stop all their oil imports from Iran by November 4.”

Ruling out granting waivers to any country including China and India, the official said that “On China and India, yes, certainly,” the US at present was “not granting waivers” to any country which was in business with Iran.

The State Department asserted that there would be no waivers under the new sanctions regime. “I would be hesitant to say ‘zero waivers ever’. I think the predisposition would be, ‘No, we’re not granting waivers’,” the official said.

When asked how related countries responded, the official said that there was “some kind of effect achieved”.

Companies of India  and China will be subject to the same sanctions like as any other country regardless of the fact that Beijing and New Delhi are the major importers of Iranian oil.

Following Trump’s decision to quit the historic Iran nuclear pact on May 8, the US vowed to re-impose sanctions lifted under the accord against Tehran and inflict punishments like secondary sanctions on nations that have business links with them.Sanctions imposed will be the same sanctions imposed prior to 2015

 

Firms that were doing business in Iran were given up to 180 days to wind up investments. Otherwise, they risk huge fines.

Washington’s withdrawal from the landmark Iran nuclear deal was widely criticised and some of its major European allies have been working to prevent the 2015 deal from falling apart.

A senior official from Iran’s Foreign Ministry said on June 23 that European countries will soon offer a package to protect Iran’s interests in accordance with the 2015 deal, official IRNA news agency reported.

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