India becomes one of 8 countries to get waiver on US’ Iran sanctions

India becomes one of 8 countries to get waiver on US’ Iran sanctions

New Delhi: India has become one among the eight countries to get  a waiver on the sanctions re-imposed on Iran by the US government.

United States secretary of state Michael Pompeo has announced that eight governments that have taken “important moves” in reducing Iranian oil imports to zero will receive temporary waivers.

According to reports, to get a waiver, India is ready to cut imports and escrow payments from Iran.

The US State Department official earlier in May had said that the US wants Iranian oil buyers to stop imports from November, aimed at reimposing sanctions on Iran.

According to reports, US Ambassador to the United Nations Nikki Haley had also asked Indian Prime Minister Narendra Modi to decrease his country’ dependence on Iranian oil.

Indian back then said that the country would take all necessary steps, including engagement with relevant stakeholders to “ensure our energy security. ”

India had then made it clear that it did not recognize unilateral ban imposed by the US

–IBNS

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