<\/p>\n
NEW DELHI, May 10 (TNS): As the Iran nuclear deal lies in tatters after US President Donald Trump walked out on it, India finds itself back on familiar territory of having to stay engaged with Tehran despite a coming rash of US sanctions, Indian media quoting Ministry of External Affairs (MEA) reported on Thursday.<\/p>\n
Playing safe, the MEA said, \u201cIndia has always maintained that the Iranian nuclear issue should be resolved peacefully through dialogue and diplomacy by respecting Iran\u2019s right to peaceful uses of nuclear energy as also the international community\u2019s strong interest in the exclusively peaceful nature of Iran\u2019s nuclear programme. All parties should engage constructively to address and resolve issues that have arisen with respect to the Joint Comprehensive Plan of Action (JCPOA).\u201d<\/p>\n
India was one of the countries most relieved when the JCPOA was signed in 2015, with PM\u00a0Narendra Modi\u00a0describing it as a \u201ctriumph of diplomacy and sagacity\u201d. During Iranian President Hassan Rouhani\u2019s visit here earlier this year, a joint statement recorded India\u2019s support, describing the deal as a \u201ccrucial contribution to the non-proliferation framework and international peace, stability and security\u201d.<\/p>\n
India came under intense US pressure from 2011 regarding its exposure to Iran and the Persian nation slipped from being India\u2019s top source for oil, replaced by Iraq and Saudi Arabia. In 2018, India promised to up its offtake of oil from Iran. This may be impacted.<\/p>\n
During the first round of sanctions, India built an alternative system of engaging with Iran while keeping its nose clean with the US \u2014 like using UCO Bank for payments. Those same processes will kick in this time too, officials said.<\/p>\n
US enforcement could be much weaker this time around. In 2011-12, there was unanimous enforcement of sanctions by the P5+1. This time, the Europeans don\u2019t want to tear up the deal, which means India will have many other countries willing to work around US sanctions. France, the UK and Germany have declared they will stand by the deal as have China and\u00a0Russia.<\/p>\n
The 90-day and 180-day waiver period by the US means a number of countries will have time to wind down operations in Iran. For India, the trouble spot here will be Chahbahar port which is crucial for connectivity and geopolitical links with\u00a0Afghanistan\u00a0and central Asia. In the previous round of sanctions, India and Afghanistan managed to squeeze an exception from the US on Chahbahar. India is hoping for a similar exception this time.<\/p>\n
The trouble will be to get Indian private sector to invest in Iran. The rupee-rial agreement to aid investments that was agreed upon during Rouhani\u2019s visit is yet to become reality.<\/p>\n
There is some concern regarding the \u201csecondary sanctions\u201d that the US has in mind \u2014 but this was around even in the first round of Iran sanctions. This threatens entities doing business in Iran with sanctions. But a US official told journalists on Wednesday, \u201cThe leverage that we gained from the secondary sanctions is what we used throughout the world with engagement to get countries to partner with us to build the economic isolation of Iran. That\u2019s what we want to do again. \u201c<\/p>\n
Courtesy: Times of India<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" NEW DELHI, May 10 (TNS): As the Iran nuclear deal lies in tatters after US President Donald Trump walked out on it, India finds itself back on familiar territory of having to stay engaged with Tehran despite a coming rash of US sanctions, Indian media quoting Ministry of External Affairs (MEA) reported on Thursday. […]<\/p>\n","protected":false},"author":1,"featured_media":64604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-64597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/64597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64597"}],"version-history":[{"count":4,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/64597\/revisions"}],"predecessor-version":[{"id":64606,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/64597\/revisions\/64606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/64604"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}