India-Iran Relation: The war between Russia and Ukraine continues. Despite US sanctions, India continues to buy oil from the Russian market. Meanwhile, Iran has also shown interest in starting oil trade from India. Iran wants India to buy oil from them following the Russian model. Iran has appealed to India to start buying oil again. India continues to buy oil from Russia bypassing Western sanctions in the wake of the Russo-Ukraine war.
According to the media report, Iran believes that the way India has continued to ignore US pressure in the matter of Russia, in the same way, in trade with it, stop worrying about US sanctions and buy oil.
Oil buying issue may arise in SCO summit
The matter is expected to be taken up by Iranian President Ibrahim Raisi during a personal meeting with PM Modi during the SCO summit in Samarkand, Uzbekistan, The Print reported. The SCO summit is scheduled to be held from September 15-16, in which apart from Modi, Reisi and all Central Asian leaders, Chinese President Xi Jinping, Russian President Vladimir Putin and Pakistan’s PM Shahbaz Sharif will also attend.
India is not buying oil from Iran since 2019
India stopped buying oil from Iran from May 2019 after the imposition of stringent sanctions by former US President Donald Trump administration. Before the sanctions were imposed, India was the second largest buyer of Iranian oil after China. According to officials, India had to take this step due to pressure from the US at that time because America had imposed many tough sanctions on Iran.
Appeal to follow Russia’s model
Iran officials say that the sanctions imposed by the US are unilateral and not UN-led, yet India stopped buying oil from that country. Iran says that now that India has prepared a mechanism to avoid the sanctions imposed on Russia, the same policy should be followed for Iran. The matter was reportedly discussed when Iran’s outgoing ambassador to India Ali Chegeni last week met Foreign Minister S. Jaishankar (S Jaishankar).
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