PressTV - India snubs US call for ban on Iran oil

Indian Finance Minister Pranab Mukherjee (file photo)
India has refused to bow to Washington's pressure on Delhi to cut its energy ties with Tehran, saying it will continue to buy Iranian oil despite US and EU sanctions.



Indian Finance Minister Pranab Mukherjee made the remarks at the end of a two-day visit to Chicago on Sunday.

"It is not possible for India to take any decision to reduce the imports from Iran drastically, because among the countries which can provide the requirement of the emerging economies, Iran is an important country amongst them," the Indian finance minister said.

India, the world's fourth-largest petroleum consumer, is Iran's second largest oil customer after China and purchases around $12 billion worth of Iranian crude every year, about 12 percent of its consumption.

On December 31, 2011, US President Barack Obama signed into law new sanctions against Tehran, seeking to penalize countries importing Iran's oil or doing transaction with Islamic Republic's Central Bank.

Also during their meeting in Brussels on January 23, EU foreign ministers reached an agreement to ban oil imports from Iran, freeze the assets of Iranian Central Bank across the EU, and ban sales of grains, diamonds, gold and other precious metals to the country.

Washington has been trying to persuade emerging economies in Asia -- Iran's biggest oil market -- to cut imports of petroleum from the country. Both India and China have voiced opposition to the sanctions.

Views: 87

Replies to This Discussion

I have been pondering what India's role in this would be. On one hand, they appear to be embroiled with the globalists but on the other hand, I am sure they remember and still resent the British Colonialism that devastated their nation...For some reason I am seeing most of the nations east of Iran not wanting to wake that sleeping giant that spawned Lee Xiao Loong

http://www.commondreams.org/view/2012/01/29-5

the cumulative result of all of the numberless interactions of the universe is zero

 With that many people there,what would you expect. The math does the trick.

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

cheeki kea favorited Marcio Carneiro's blog post Intervention in the Economy Via the Government Procurement System
10 hours ago
cheeki kea posted a photo
12 hours ago
cheeki kea commented on Sandy's video
Thumbnail

Rescue Me: Sensitivity Training in HD!!!

"Great vid Sandy a classic, a total classic. ( one by one the sane will walk away from CRT leaving…"
12 hours ago
tjdavis posted photos
15 hours ago
Sandy posted a photo
16 hours ago
Sandy posted videos
17 hours ago
Less Prone favorited MAC's video
18 hours ago
Marcio Carneiro favorited Less Prone's profile
22 hours ago
Less Prone favorited Marcio Carneiro's blog post Intervention in the Economy Via the Government Procurement System
yesterday
Less Prone replied to Marcio Carneiro's discussion Os Fundadores da Nação Brasiliana
"A translation... Brazil is a country inherited by a colonizing elite who inherited ownership, while…"
yesterday
Less Prone posted a photo
yesterday
Marcio Carneiro posted a discussion

Os Fundadores da Nação Brasiliana

O Brasil é um país herdado por uma elite colonizadora que herdou a posse, enquanto os Estados…See More
yesterday
Marcio Carneiro posted blog posts
yesterday
Marcio Carneiro updated their profile
yesterday
MAC posted a video

When your flight is on a Chemtrail plane

Chemtrail pilot gives welcome announcements on flight. Would you book a ticket for this airline?DEBUT COMEDY SPECIAL *CONSCIOUS BRO* RELEASES MARCH 14 ON YOU...
yesterday
Less Prone favorited Sandy's video
yesterday
Less Prone favorited MAC's discussion EMERGENCY BROADCAST: Communist Chinese Hackers ‘Volt Typhoon’ Prime Suspects In AT&T Mega Outage – Watch LIVE
Sunday
Larry Harmen's video was featured

BREAKING: Chinese Troops Invading US By the Thousands As Biden & Mayorkas Open the Floodgates

"The Silent Coup" The take over of all of North America by the China and other Muslim nations is clear and absolute. WW3 is dead ahead!!!
Sunday
Less Prone commented on Sandy's photo
Thumbnail

FB_IMG_1708743522697

"Going down hill. "
Sunday
Less Prone posted photos
Sunday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted