India Could Become The First Large Casualty Of The US Sanctions On Iran


In an attempt to force economic pressure on Iran due to the conflict over its nuclear regime, the US has imposed sanctions demanding that countries significantly reduce trade of Iranian oil during the first half of 2012. Failure to comply with these sanctions by an organisation will result in them being banned from the US banking system. India has failed to reduce its purchases of Iranian oil, and has therefore failed to comply with the US sanctions. President Obama may now be forced to impose his sanctions on one of the largest economic powers…

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