India to ignore US curbs on Iran and Venezuela, says Sushma

new delhi — India will keep trading with Iran and Venezuela despite the threat of fallout from US sanctions against the two countries, Foreign Minister Sushma Swaraj said.

Swaraj, asked at a news conference whether US action against Iran and Venezuela would damage India, said the country would not make foreign policy “under pressure”.

US President Donald Trump this month withdrew from the Iran nuclear deal and ordered the reimposition of sanctions suspended under the 2015 accord. Washington has also tightened sanctions against Venezuela over the controversial re-election of President Nicolas Maduro. Both countries are key oil suppliers to India and the United States has warned that foreign companies which deal with Iran could themselves be punished. But Swaraj said New Delhi did not believe in “reactionary” policies and would not be dictated to by other countries.

“We don’t make our foreign policy under pressure from other countries,” she told a news conference.

“We believe in UN sanctions but not in country-specific sanctions.”

Swaraj’s comments came just before a meeting with her Iranian counterpart Mohammad Javad Zarif in New Delhi.

Bilateral trade between India and Iran amounted to $12.9 billion in 2016-17. India imported $10.5 billion worth of goods, mainly crude oil, and exported commodities worth $2.4 billion. — AFP