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