CAATSA Raising Concerns For India’s S-400 Deal And Import Of Crude From Iran
India has engaged with the US and all other stakeholders regarding the S-400 missile deal with Russia and import of crude oil from Iran following Washington’s imposition of the sanctions act on Moscow and Tehran.
The Countering America’s Adversaries Through Sanctions Act (CAATSA) came into effect in January. The Act targets countries doing business with Russian, Iranian and North Korean defence companies. The sanctions were imposed on Russia over what they call Moscow’s continued involvement in the wars in Ukraine and Syria and its alleged interference in the 2016 US presidential election.
In May, US brought back sanctions on Iran after withdrawing from the Iran’s nuclear deal which was struck in 2015. Under the sanctions, the US wants all countries in the world to stop importing oil from Iran.A fresh US sanctions on Iran, is set to come in- to effect on November 4, which has raised concerns in New Delhi, since the West Asian nation is a major supplier of crude oil to India.
“We are engaged with the US on this matter and we have shared our position with the US at different levels,” Raveesh Kumar, Spokesperson in the Ministry of External Affairs said.
He also said that India has conveyed its concern over the price of crude oil as it directly affects the domestic economy and the common man of the country. He also mentioned that, India will do everything possible to ensure the country’s energy security.
There has been indication that India may not totally stop import of crude oil from Iran as Iran is India’s third-largest oil supplier after Iraq and Saudi Arabia. Between April 2017 and January 2018 (first 10 months of fiscal 2017-18), Iran supplied 18.4 million tonnes of crude oil to India.