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‘Indo-Iran oil ties guided by energy security’

The US has not threatened to impose sanctions on India for having economic relations with Iran; External Affairs Minister SM Krishna said.



New Delhi: The US has not threatened to impose sanctions on India for having economic relations with Iran; External Affairs Minister SM Krishna said on Thursday and asserted the country`s oil ties with Tehran were guided by its energy security considerations.

"The US has not threatened to impose sanctions on India for its economic relations with Iran. However, as part of its sanctions regime related to Iran, the US has recently enacted a law which, inter alia, has provisions for imposition of sanctions on individual foreign entities.....," he said in a written reply in the Rajya Sabha.

Noting that the government implements its obligations under the UN Security Council Resolution on Iran, he said "..Unilateral sanctions imposed by countries or group of countries should not impact legitimate trade relations with Iran".

"India`s crude imports from Iran are guided by its energy security and take into account its oil requirement, multilateral sanctions, conditions in financial and energy markets, and security and stability in different oil-producing regions of the world," the minister added.

Krishna also noted that India and the United States have regular dialogue on bilateral cooperation and all global and regional issues of mutual interest.
"In these meetings, the two sides have had candid and constructive discussions on issues related to Iran and broader West Asian region. India and the United States remain committed to strengthening their strategic partnership," he said.

PTI

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