19 Apr 2024


Sputnik - The US is pushing Tehrans economic partners to curb their imports of Iranian oil as it prepares to re-impose sanctions on the Islamic Republic. Sputnik has discussed the issue with two Moscow-based experts.




In an interview withSputnik, the Russian Institute ofStrategic Studies expert Azhdar Kurtov said that not a single Asian state, let alone India or China, will rush totoe Washingtons line.
All the more so, sinceboth India and China have serious across-the-board ties withIran, including a number ofmajor projects intransport and logistics now inthe pipeline. If Asian states join the anti-Iranian sanctions, these projects will remain onpaper, thats why well see a serious fight forIranian oil, Kurtov said.


He added that the US warning toits allies and partners toend their Iranian oil imports byNovember, is meant toallow Washington US tofill the gap and check the economic growth inthe developing countries, aboveall inChina and India.

Irina Fyodorova, an expert withthe Institute ofOriental Studies inMoscow, told Sputnik that China, just likeIndia and South Korea, have pastexperience ofresponding toUS bans onIranian oil exports.

During the previous roundof sanctions, payments foroil supplies were not made inUS dollars. This was either a barter or the money was deposited inChinese and Indian banks. These funds were returned toIran afterthe nuclear deal was signed in2015. I believe that although China and India will downsize their oil imports fromIran, they will not roll them upaltogether, Fyodorova noted.
There will be a gradual reduction and I think that forall the bullishness the current US president is known for, [Asian countries] will still take their time zeroing their oil imports fromIran, Fyodorova concluded.


Washington is advising India tothink whether Iran really is a country it wants tocontinue doing business with, US Ambassador tothe UN Nikki Haley said inan interview withNDTV onFriday.

She added that reconsidering ties withTehran would make India less dependent onIranian oil supplies.

India's oil ministry earlier asked local refiners toprepare fora "drastic reduction or zero" ofimports ofIranian oil starting inNovember, Reuters reported, citing industry sources.

It added, however, that New Delhi does not recognize unilateral restrictions imposed byWashington, and instead follows UN sanctions.

At the same time, senior US officials were inEurope, the Middle East and Asia pressing local governments towind downtheir crude imports fromIran.

On June 26, a high-ranking State Department official told reports that similar discussions were now also underway withChina, the worlds main buyer ofIranian oil.

These words were not lost onBeijing, whose official diplomatic spokesman Lu Kang said that China and Iran were good friends and maintained close economic, trade and energy ties fully inline withinternational law.

On Friday, The Global Times quoted several Chinese experts assaying that Chinese enterprises will not follow the example ofthe European firms and will not pull outof Iran afterUS sanctions kick in.

Right now there are nearly 100 Chinese companies working inIran and investing inthe countrys energy, auto-making and infrastructural sectors.

Earlier, Bloomberg reported that more thana dozen European companies had either suspended or cut offtrade and investment deals withIran toavoid being sanctioned byWashington.

During the previous roundof anti-Iranian sanctions, India and China were amonga handful ofcountries tocontinue buying Iranian oil.

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