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India says Iran oil imports not stopped
Why is it in news?
- Recent statement from government indicating that there is still some confusion in India’s position on stopping oil imports from Iran in line with sanctions by the United States.
- Government said that it does not propose to cancel trade, including oil imports, from Iran.
More in news
- India’s stand on question of external pressure:(1) India maintained stand that its bilateral relations with Iran stand on their own and are not influenced by India’s relations with any third country.(2) The MEA’s answer reflects India’s traditional position but is at considerable variance from the stand taken last week at the G20 where India told U.S. that it reduced its intake of Iranian oil, in accordance with Washington’s request to “zero out” Iranian oil imports after May 2.
- Considerable reduction: Iranian oil imports had, in fact dropped, but that the decision to reduce oil imports was based on “commercial considerations and national interest”.
- Play of words:(1) They also distinguished between “stopping” oil imports, and “reducing” them considerably.(2) According to industry sources, Indian companies have placed no new orders for oil from Iran since May 2.
Source
The Hindu