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The U.S. hasn't threatened to impose sanctions against India for its economic relations with Iran, Indian Foreign Minister S.M. Krishna said.
By Rakesh Sharma
NEW DELHI The U.S. hasn't threatened to impose sanctions against India for its economic relations with Iran, Indian Foreign Minister S.M. Krishna said Thursday.
India's position is that it is bound by U.N. sanctions, but"unilateral sanctions imposed bycountries or [a] group of countries shouldn't impact legitimate trade relations with Iran," Mr. Krishna told lawmakers in a written reply in the upper house of Parliament.
India's crude oil imports from Iran are guided by its energy security needs, he said.
The U.S. has given countries until June 28 to significantly reduce purchases of Iranian crude oil. Otherwise they will face sanctions.
The Obama administration last month said it wouldn't impose sanctions against Japan and 10 European Union nations that moved quickly to cut -- althoughnot significantly yet -- Iranian imports.
But 12 countries, including South Korea, India and China, remain at risk of sanctions due to continued purchases of Iranian oil, the U.S. State Department said.
WSJ.com Mobile Edition
By Rakesh Sharma
NEW DELHI The U.S. hasn't threatened to impose sanctions against India for its economic relations with Iran, Indian Foreign Minister S.M. Krishna said Thursday.
India's position is that it is bound by U.N. sanctions, but"unilateral sanctions imposed bycountries or [a] group of countries shouldn't impact legitimate trade relations with Iran," Mr. Krishna told lawmakers in a written reply in the upper house of Parliament.
India's crude oil imports from Iran are guided by its energy security needs, he said.
The U.S. has given countries until June 28 to significantly reduce purchases of Iranian crude oil. Otherwise they will face sanctions.
The Obama administration last month said it wouldn't impose sanctions against Japan and 10 European Union nations that moved quickly to cut -- althoughnot significantly yet -- Iranian imports.
But 12 countries, including South Korea, India and China, remain at risk of sanctions due to continued purchases of Iranian oil, the U.S. State Department said.
WSJ.com Mobile Edition
