18-Jan-2012

India No To US' Iran Sanctions - Why So Late?

After kow-towing to the US for the better part of UPA-I and II terms, we seem to have suddenly decided to go against its wishes.  India rejects US embargo, to import oil from Iran
NEW DELHI: Even as China cuts down drastically its oil imports from Iran, which is soon likely to run into fresh sanctions from the US and the EU, India on Tuesday declared it will continue to import crude oil from the country. 
Brushing aside US sanctions that prevent financial institutions from doing business with Tehran and its central bank, foreign secretary Ranjan Mathai stated that India will only accept sanctions imposed by the UN. 
Refreshing, but what took us so long?  And can we get going on the Iran-Pakistan-India gas pipeline while we still have the gumption?

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