http://www.juancole.com/2012/02/afro-asia-global-south-reject-boycott-of-iran.html
The US-led sanctions on and boycott of Iran have largely been rejected in Africa,-Asia and Latin America. Punishing sanctions on Iran are a Euro-American affair with little buy-in outside Anglophone North America and the European Union.
The Indian ambassador to Iran has said that his country will continue buying crude oil from Iran, Fars news agency reported.
ReplyDelete“The finance minister has clarified for the U.S. that India will continue importing Iranian oil,” D.P. Srivastava said.
He made the remarks in a meeting with Chairman of the Tehran Chamber of Commerce Yahya Al-e Es’haq in Tehran on Tuesday.
India is set to boost its energy and business ties with Iran, with a Commerce Ministry team set to visit Tehran to explore fresh business opportunities.
Secretary General of the Associated Chambers of Commerce and Industry of India D.S. Rawat has said that despite the U.S. and the EU sanctions on Iran, he expects India's trade and investment with Tehran to increase.
"The potential of trade and economic relations between the two countries can touch the level of $30 billion by 2015 from the current level of $13.7 billion in 2010-11," said Rawat.
India recently agreed to a payment mechanism under which Indian companies will pay for 45 percent of their crude oil imports from Iran in rupees.
Iran used to supply 12 percent of India's oil imports, but for some time the share has dropped to 10 percent.
Last week, as the European Union asked India to broker talks with Tehran over its nuclear program, Prime Minister Manmohan Singh called for a resolution of the issue by giving "maximum scope" to diplomacy.
Turkey’s Energy Minister Taner Yildiz has once again reiterated that his country will not abide by EU and US sanctions on the Islamic Republic.
ReplyDelete“We are not a member of the European Union. Because of this, decisions made by the EU are not legally binding for Turkey in anyway. Turkey can say the same sentences about the decisions made by the US,” Yildiz said in a news conference on Friday.
On New Year’s Eve, the United States imposed new sanctions against Iran aimed at preventing other countries from importing Iranian oil and conducting transactions with its central bank.
European Union foreign ministers also approved sanctions against Iran’s oil and financial sectors on January 23, including a ban on Iranian oil imports, a freeze on the assets of the country’s central bank within EU states, and a ban on selling grains, diamonds, gold, and other precious metals to Tehran.
Yildiz further blamed Western sanctions against Iran for driving oil prices to their highest levels over the past years.