Thursday, November 21, 2019
News

India prepared to deal with impact of US decision to end waivers on imports of Iranian oil: MEA

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

US | April 23, 2019 3:41:46 PM IST
India on Tuesday said that it is adequately prepared to deal with the impact of the US decision to not grant any fresh sanction waivers for Iranian oil imports.

"Government has noted the announcement by the US Government to discontinue the Significant Reduction Exemption to all purchasers of crude oil from Iran. We are adequately prepared to deal with the impact of this decision," said Ministry of External Affairs (MEA) spokesperson Raveesh Kumar.

Kumar added, "Government will continue to work with partner nations, including with the US, to find all possible ways to protect India's energy and economic security interests."

US Secretary of State Michael Pompeo on Monday had announced that no fresh sanction waivers will be issued to existing importers of Iranian oil, including India.

In November last year, the State Department had issued 180-day waivers to eight countries, including India, to give them more time to find alternative sources of oil. The waivers are set to come to an end on May 2.

China and India are currently the largest importers of Iranian oil. Three of the eight countries which received the waivers - including Greece, Italy, and Taiwan - have already reduced their Iranian oil imports to zero, according to The Washington Post. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
UK's Prince Andrew steps back from publi...
Dogs kill pregnant woman in France durin...
Awami Action Committee in PoK highlights...
EAM meets Bulgaria Deputy PM, former Can...
Israel: Blue and White leader Benny Gant...
6.1 magnitude earthquake hits Laos...
More...
 
INDIA WORLD ASIA
D/N Test: Six held for black marketing o...
CPI gives suspension business notice in ...
Discussions progressing on govt formatio...
Discussed, deliberated on steps to be ta...
DMK moves adjournment motion in LS over ...
TMC gives adjournment motion notice in L...
More...    
 
 Top Stories
RSS gives prescription, wants govt ... 
Air pollution can trigger Alzheimer... 
Many Google Stadia founders still w... 
Yami Gautam to recreate 90s iconic ... 
Highest-energy light from a gamma-r... 
Sony Corp in talks to buy stake in ... 
'ISRO should release all videos per... 
In Rahul's constituency, schoolgirl...