India prepared to deal with impact of end of waivers from US sanctions on import of Iranian oil: MEA

NEW DELHI: As six-month-long exemptions from US sanctions to buy oil from Iran ended, India Thursday said it will deal with the issue based on three factors — the country’s energy security, commercial consideration and economic interests.

External Affairs Ministry Spokesperson Raveesh Kumar said India was prepared to deal with the impact of the US decision.

Last month, US President Donald Trump decided not to continue with the exemptions extended to eight countries including India to buy oil from Iran.

“There will be additional supplies from other major oil producing countries based on our robust plan drawn up by the Ministry of Petroleum,” said Kumar at a media briefing.

Kumar did not give a direct reply when asked whether India will now comply with the US sanctions against Iran and bring down the oil imports from the Gulf country to “zero”, deviating from External Affairs Minister Sushma Swaraj’s assertion in May last year that New Delhi only recognizes UN sanctions. (AGENCIES)


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