India hesitant to implement US, EU sanctions on Iran: Report
January 19, 2013  12:46
India is hesitant to implement all aspects of US and European Union sanctions against Iran, a Congressional report has said, attributing this to New Delhi's reliance on Tehran with regards to Afghanistan and the historic, cultural and economic ties between the two nations.

"India is implementing UN sanctions against Iran but its cultural, economic, and historic tiesas well as its strategic need for access to Afghanistan have made India hesitant to adopt all aspects of US and EU sanctions on Iran," the independent and bipartisan Congressional Research Service (CRS) said in its latest report on Iran.

"India first signalled greater support for sanctioning Iran in late 2012 when its central bank ceased using a Tehran-based regional body, the Asian Clearing Union, to handle transactions with Iran," said the report.

Apparently perceiving international sentiment for tightening sanctions on Iran, India has been reducing its dependence on Iranian oil, CRS said.
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