For US, Japan unlikely to be standard for India on Iran curbs

April 16, 2012 13:01

Japan is unlikely to be the "benchmark" for India when the Obama Administration initiates the process of deciding the fate of Iranian sanctions on dozen countries, which according to a US legislation need to "significantly" reduce their dependence on oil from Iran.

"It's Apple and Oranges," a source familiar with the thinking of the Obama Administration on the issue said whenasked if India should reduce its oil dependence on Iran by at least 15 per cent, as was done by Japan. Japan was one of the 11 countries, that included mostlythose from Europe, which were exempted by the US from its Iranian sanctions legislations as it determined that these countries have "significantly" reduced their dependence on Iranian oil.

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