India to continue Iran oil imports

New Delhi, Jan 12, IRNA – Despite US anti-Iran sanctions, New Delhi will continue importing Iranian oil, India's Ministry of External Affairs spokesman as saying.

'We have had several rounds of meeting with Iran and several other stakeholders. I can tell you that India continues to import oil from Iran, Raveesh Kumar said.

He added 'we have got a waiver in this regard and we will continue to be engaged with all the stakeholders as far as matters related to India's energy security are concerned.'

Kumar's remarks have been made two days after US threats as regard imposing more serious sanctions against Iran.

Earlier, US Secretary of State Mike Pompeo had urged various countries to reduce Iran oil imports.

US President Trump announced on May 8, 2018 the withdrawal from the JCPOA, which was condemned by other parties to the 2015 agreement and their emphasis to stay in the landmark international deal.

On November 2018, US granted exemption to eight countries including India to import Iran oil.

Indian Commerce and Industry Minister Suresh Prabhu earlier said “India will not violate any international law and within the framework of international law, we would like to work with Iran in a manner that we can deal with Rupee trade wherein both countries can trade the items of mutual interest.'

Meanwhile, Indian Government has agreed with Iran's request to open a branch of Pasargad Bank in Mumbai.

According to the leading newspaper 'Times of India' , 'Iran's Bank Pasargad will open its branch within the next three months'.

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