Iran: Total Has 60 Days To Seek US Sanctions Waiver

Foreign Minister Sushma Swaraj says India won't be dictated

Both countries are key oil suppliers to India and the United States has warned that foreign companies which deal with Iran could themselves be punished.

She was responding to a question on India's response to the United States withdrawal from the Iran nuclear deal.

Iranian Foreign Minister Mohammad Javad Zarif said on Monday that his one-day visit to India was "fruitful".

"India follows only United Nations sanctions, and not unilateral sanctions by any country", Reuters quoted her as saying.

Sushma Swaraj with Javad Zarif in Delhi Monday. Trade is one reason, given the robust market India provides for Iranian oil.

India's Foreign Minister made these comments right before heading off to a meeting with the Foreign Minister of Iran who had been invited to New Delhi for the occasion.

Swaraj said "all parties to the agreement should engage constructively for peaceful resolution of the issues", according to a statement issued by India's Ministry of External Affairs.

Washington has also tightened sanctions recently against Venezuela over the controversial reelection of President Nicolas Maduro.

Bilateral trade between India and Iran amounted to $12.9 billion in 2016-17.

Citing committee members, the report said that purchasing the Russian system would make it hard for the USA to share sensitive technology with India.

India trades with Iran in Euros, which are not under the purview of the US Department of the Treasury.

US Defence Secretary Jim Mattis last month appealed to the Congress to urgently provide India the national security waiver, saying imposing sanctions under CAATSA for the S-400 air defence missile deal would only hit the US. To continue with this quest, he has backed an "all of the above" energy strategy much like that of former U.S. president Barack Obama.

India is the world's third-biggest oil consumer.

India and China have already vowed to continue purchasing Iranian crude oil, despite the Trump administration's crackdown. But the Indian security establishment remains quite upset at the U.S. state department's move on April 6 to notify 39 Russian entities, including the state-controlled arms exporter Rosoboronexport, with which India does regular business. While India may not be huge fans of Iran, they're extremely antagonistic towards Pakistan and that works out to be a win for them.

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