India stands up to US: Won't stop import from Iran

January 30, 2012 10:53

India stands up to US, EU: Won't stop oil import from Iran India will not scale down its petroleum imports from Tehran despite United States' and European Union's sanctions against the Islamic republic, Finance Minister Pranab Mukherjee has said.

India, the world's fourth-largest oil consumer, is Iran's second-biggest oil client after China. The US and other Western sanctions have been imposed on Iran's economy over Tehran's controversial nuclear programme.

US President Barack Obama added to those measures on December 31 when he signed into law additional sanctions targeting Iran's central bank and financial sector.

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