Pradhan credits US waiver on Iran oil imports to PM Modi

November 03, 2018 21:09

Giving credit to Prime Minister Narendra Modis forceful campaign, Oil Minister Dharmendra Pradhan on Saturday confirmed that India is among the countries that have been granted a waiver from the US sanctions on Iran.

Honble Prime Ministers forceful campaign has been that you cant ignore interests of consuming countries. Understanding geo-political situation, India has been able to get its way. The US has given waiver to some countries including India, Pradhan told reporters.

I give credit of this to emerging acceptance of world leadership of Prime Minister Narendra Modi. From this campaign, not only India but other consuming nations will be benefitted. The nitty-gritty of this will come gradually, he added.

The United States, however, has not yet named the eight countries which would be exempted from the sanctions. The names of the eight jurisdictions would be released on Monday, US Secretary of State Mike Pompeo had announced on Friday. Pompeo had said that the US has agreed to provisionally allow eight jurisdictions to keep buying oil from Iran since they have made significant reductions in oil imports.

US sanctions on Iran will kick in November 5. President @realDonaldTrump is reimposing all sanctions lifted under the unacceptable Iran deal. The U.S. is reimposing the toughest sanctions ever on Iran, targeting many of the corrupt regimes critical sectors, the White House tweeted.

Pompeo had said that countries like India, if granted exemption, would be asked to bring down oil imports from Iran to zero in six months. Negotiations are still ongoing, he said while explaining the reasons for not revealing the names of the countries to be exempted.

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