News By/Courtesy: Akshay Anurag | 31 Jul 2018 20:18pm IST

HIGHLIGHTS

  • The government was informed by the high- level official team of US that its sanctions on Iran will come into effect in two stages, one on August and the other on November
  • Conditions for seem to be more complicated as the no clear instance has been made by the US that what it expects from India
  • It is now expedient on the part of India to make plans for itself as it can’t rely on Russia and China

The US is imposing sanctions on Tehran. The Government was informed by the high- level official team of US that its sanctions will come into effect in two stages, one on August and the other on November. It is expected that India will not be much affected by the first sanction; however, situations could be tricky in November i.e. during the second sanction which will be the full-blown sanction. Also, it seems to be more complicated as the no clear instance has been made by the US that what it expects from India. This issue concerns India as Iran is its third- largest supplier of crude oil. In this year, India has imported about 22 million tonnes of crude oil from Iran.

It is now expedient on the part of India to make plans for itself as it can’t rely on Russia and China. Earlier during Bush and Obama regime, India has settled such issues by imposing a high strategic cost to its political positioning on Iran.  However, things are not similar in the case of Trump's regime. In this case, India has to operate on two different grounds. First, on the economic side, it must act with a clear political objective to obtain a waiver from the US to do business with Iran and India can lead with such objective only if it can manifest the willingness to reduce oil trade with Tehran. Further, it should also not let Washington think that it will follow the path of US.

Section Editor: Shilpa Rani | 31 Jul 2018 20:25pm IST


Tags : #India #Iran #US #NeedStrategy #OilImport #InternationalRelation

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