Indian newspaper: Iran will ask India to ignore US sanctions and resume oil purchases

Tehran will ask New Delhi to resume purchases of Iranian oil, ignoring unilateral sanctions imposed by the US. After all, India continues to buy Russian energy resources, despite the restrictions of the collective West. The Indian edition of The Print writes about this, citing some sources "involved in this issue."

It is expected that this topic will be raised by Iranian President Ibrahim Raisi during a personal meeting with Indian Prime Minister Narendra Modi during a meeting of the Council of Heads of State of the Shanghai Cooperation Organization.

The SCO summit is scheduled for September 15-16. In addition to the heads of Iran and India, Chinese President Xi Jinping, Russian President Vladimir Putin, Pakistani Prime Minister Shehbaz Sharif, as well as leaders of Central Asian countries will take part in it.

Recall that India has stopped importing oil from Iran since May 2019 after the former administration of Donald Trump imposed tough sanctions on Tehran. At the same time, before the introduction of these restrictions, India was the second largest buyer of Iranian oil after China.

According to officials cited by The Print, India was forced to take this step due to pressure from the United States.
At the same time, the country continues to buy oil from Russia, despite similar, and in some cases even tougher, US and European sanctions against Moscow.

Moreover, this year Russia has become one of the 10 largest suppliers of oil to India.

According to Iranian officials, the sanctions imposed by the US are unilateral and have not received support from the UN. However, even in this case, Indian companies have stopped buying oil from Tehran.

But now that India has developed a mechanism to circumvent sanctions against Russia, New Delhi should follow the same policy towards Tehran, the newspaper writes, citing sources in the Iranian establishment.

Comments

[kor1vet1974]

Fear of sanctions, do not buy oil

[filibuster]

The whole question is at what price India buys from Russia, the United States will not prevent buying oil and gas at a price not higher than a certain one.

[tralflot1832]

I believe our Ministry of Finance, he is not in a position now to lie.

[Aleksandr97]

India understands that their rejection of Russian oil will lead to a rise in the price of the entire market.

Earlier, on September 1, India announced that the United States cannot dictate conditions to the country and demand that it break off relations with Russia. In particular, it was noted that Indian Prime Minister Narendra Modi refused to impose sanctions against Moscow and his decision was supported by the majority of the population, since the country has its own strategic interests.

[Vsevolod136]

India is doing the right thing by buying oil from Russia and not buying from Iran, again - it does not want to offend Israel, as in the proverb "Israel is small, but mighty"

[runway-1]

September 11, 20:37 Gazette:

Russia has offered India to lower the price of oil supplies on the condition that New Delhi opposes the initiative of the G7 countries on marginal oil prices, the Business Standard newspaper writes, citing sources among officials and the Indian Foreign Ministry.
According to sources, it is expected that discounts on Russian oil will be greater than those offered by Iraq recently.
“It is about India not supporting the G7 proposal. A decision on this issue will be made later, as negotiations with all partners progress,” the Indian Foreign Ministry said.
In May, India traded $16 a barrel less for Russian crude compared to an average $110 import basket price, the newspaper writes. In June, the discount was cut to $14 per barrel, and as of August it was $6 off the average price of imported oil.

[former soldier]

Quote: Vsevolod136

India is doing the right thing by buying oil from Russia and not buying from Iran, again - it does not want to offend Israel, as in the proverb "Israel is small, but mighty"

Did you mean, of course, not a bug?