Iran is an “important” country for providing oil to emerging markets, says Indian finance minister.
India, the world’s fourth-largest oil consumer, said it would not take steps to cut petroleum imports from Iran despite US and European sanctions against Tehran Sunday night.
“It is not possible for India to take any decision to reduce the imports from Iran drastically, because among the countries which can provide the requirement of the emerging economies, Iran is an important country amongst them,” Finance Minister Pranab Mukherjee told reporters on a visit to the Unites States.
The United States wants buyers in Asia, Iran’s biggest oil market, to cut imports to put further pressure on Tehran.
Source: Jerusalem Post
The oil embargo will fizzle out. Nations like India see no point in trying to avoid Iran getting a nuclear bomb. India has lived with a nuclear Islamic republic of Pakistan for more than a decade.
So why can not the US and Israel live with a nuclear Iran?
India needs petrol, and do only have a reserve of 30 days in stock. The nation needs crude oil. If the oil from Iran is gone, India will simply stop.
Indian is also one of the nations who are building a embassy for a delegation from “Palestine”. India is not willing to lift a finger to defend the existence of the Jewish state. This fact is a huge historical paradox. India is it self threatened by radical Islam, in particular in Kashmir.
India have a military collaboration with Israel, and are purchasing drones from the Jewish state. India is truly a mosaic and an almost not readable contradiction.
Written by Ivar