India to decide on Iran oil imports after elections

India to decide on Iran oil imports after elections

Iran’s Foreign Minister Mohammad Javad Zarif met External Affairs Minister Sushma Swaraj on Tuesday in New Delhi to discuss bilateral issues, including the fallout of the US decision last month to discontinue the sanction waivers given to eight countries, including India, for continued purchase of oil from the country.

Zarif, who reiterated that India was an important partner, was keen that it should continue to source at least a small part of its oil imports from Iran, an official close to the development told BusinessLine.

India, however, does not want to take a decision on oil imports from Iran till the election process is over and a new government is formed, and this was indicated to the Iranian Minister, the official said.

While India has not openly committed to reduce its import of oil from Iran to zero following the withdrawal of the US waiver Read More

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