THE AMERICAN SANCTIONS ON IRAN AND IMPLICATIONS FOR INDIA: PART 2



Date : 10-05-2019

 
 Author: Rajesh Soami
 
 The decision of the US government to end waivers to eight countries for import of  Iranian oil will come into effect on 01 May, 2019.  Although some of these  countries may well defy the unilateral American sanctions, most, including India  are likely to comply.  This will reduce India’s Iranian oil imports substantially,  squeezing the money that Iran could earn.  Iran is already facing economic  problems due to continued pressure by the US (among other factors). Its            problems are likely to get compounded after 01 May.  


Department: Making Waves





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