India Bans Iran Nuclear-Related Trade

India has banned trade in all goods and services with Iran that could help Tehran pursue development of nuclear weapons, a government statement said.
The changes were made in new foreign policy trade rules to conform with a UN Security Council resolution imposing sanctions on Iran related to its nuclear and missile development programme, said the commerce ministry.

India sits as a non-permanent member of the UN Security Council.

The changes posted on a government website Saturday ban trade in all equipment, goods and technology which could contribute to Iran's enrichment-related, reprocessing or heavy water-related activities or to the development of nuclear weapon delivery systems.

Energy-hungry India, which has long enjoyed warm ties with Iran, has been treading a delicate path in its relationship with the Islamic republic as the United States presses New Delhi to break commercial links with Tehran.

The export ban comes as India has been struggling to work out a long-term method to pay for oil imports from Iran.

Iran is the second-largest crude supplier to India after Saudi Arabia and supplies up to 14 percent of the country's oil import needs. India imports around 80 percent of its crude oil.

India's central bank, in response to US pressure, said in December oil and other import payments could not be made through a Tehran clearing house which Washington alleges is being used to bypass sanctions against Iran.

The decision meant India no longer had a means to pay for the fuel.

India and Iran have been negotiating for months on ways to resolve the payment deadlock on a long-term basis and salvage the trade, which is worth around $12 billion annually.

Late last month, Germany's Handelsblatt business daily said India was set to pay Iran for billions of dollars worth of oil imports by channeling funds to Tehran via the German central bank.

There has been no comment from India but earlier, government officials said such a route could be a way to break the payments deadlock.

Comments

Pakistani JF-17 A Thunder OR A Blunder

Pakistan has witnessed new defense acquisitions in this decade than any other, and in the center of it all is the new fighter which was designed by China with partial funding from Pakistan. It is formally known as JF-17 Thunder. When the fighter was in development, Pakistani online communities were jumping with excitement comparing it with its arch rival India’s modern combatants Su-30MKI, Mig-29S & Mirage-2000H. There were claims of it featuring western Radars and long range missiles, & Chinese ordering some due to its superior capabilities. But the reality is far from it. China having spent significant amount of money into a fighter which it is never going to use, most probably forced Pakistan to accept its avionics to offset some its development costs. Chinese who are known for their self reliance first and quality next, are further downgrading JF-17s capabilities with their poorly copy-pirated avionics. Along with their dubious weapons, any chance of JF

Mossad & CIA Committed 9-11: Italian President Francesco Cossiga

Source: http://www.rumormillnews.com/cgi-bin/archive.cgi?read=114778 Former Italian President Francesco Cossiga, who revealed the existence of Operation Gladio, has told Italy’s oldest and most widely read newspaper that the 9-11 terrorist attacks were run by the CIA and Mossad, and that this was common knowledge among global intelligence agencies. The evidence that Mossad planned 911 using Arab patsies is overwhelming; Mossad were caught filming the attack from Liberty Park and then later said on Israeli TV that they were sent there to document (they along with nearly 200 Mossad were rounded up and sent back to Israeli in the weeks following the attack, preventing the FBI from questioning them). Only 5 Israeli's died in the WTC attack; 3 on the airplanes and 2 in the buildings. It is a fact unexplainable by Zionists apologists that Idigo, and Israeli messaging service sent a warning in Hebrew worldwide that a terror attack would happen in a few hours on the da

India Planned Attack On Pak Navy Mehran Base To Kill Chinese Engineers

The terrorist attack on Karachi's Mehran Naval Station on May 22 was conceived and launched by India with the primary objective of killing the Chinese engineers present there, a Pakistani newspaper has claimed, citing 'informed sources'. Four to six Taliban terrorists had entered PNS Mehran on May 22, destroying two maritime surveillance aircraft and killing ten military personnel during their 17-hour siege of the naval air base. "India is the only country in the region that feels troubled by the Pakistan Navy, which had awfully beaten the Indian Navy in Operation Dwarka of 1965. Since then, it has been an earnest desire of India to harm the Pakistan Navy but it was perhaps not possible on the battle front, hence it struck the PNS Mehran," The News quoted sources as saying.

ASIAN DEFENCE

Search This Blog