Foreign sec was right, now our crude supplies are affected.
India-Iran JV in sanctions list, crude oil ferries hit
The resolution adds IRISL to the list of entities and specifically designates Iran-o-Hind as among the subsidiaries which now come under sanctions. This means that measures laid out in the original 2006 UN sanctions resolution 1747 on Iran will now be applicable to Iran-o-Hind. This would essentially require India to freeze all funding to this entity as well as its assets except those funds necessary to pay salaries and other such mandatory expenses.
No news on Defence delegation which went to Tehran last month.In trying to cope with this gradual isolation, Iran placed significant premium on the Indo-Iran Joint Commission meeting which concluded today. This morning, at a meeting with Shipping Ministry officials, Iran officially handed over a proposal inviting Indian investment to build the strategically important Chabahar port.
Conceived more than six years ago, this project was to link up with the Zaranj-Delaram road, already built by India, so that Afghanistan gets port connectivity. But matters have moved very slowly even as both New Delhi and Kabul are now trying to increase pressure on Tehran. This time, Iran has provided a proposal and also indicated that it would need Indian technical help with rail linkages for the port.
While this project is not affected, sources said, such sanctions will inhibit future cooperation in some measure or the other. So while India may have signed a fresh air services agreement with Iran today, the fact is that no Indian carrier has plans to operate to Iran. Much of the benefit will go to Iran as it has been agreed to add two more ports of call besides increasing the number of flights.
It is believed that Iran even wanted to explore cooperation in space but that too had to be politely turned down. At the same time, New Delhi is of the view that much can be done within the limited scope possible and every opportunity ought to be explored.
India has elicited a response from the Obama administration. Very interesing. India is paying back Obama for their support of TSP imo.
Tehran concern on US table
ARCHIS MOHAN
New Delhi, July 9: US national security adviser James Jones arrives here next week to finalise the agenda for President Barack Obama’s visit to India in November with the talks also expected to feature India’s recent overtures to Iran against Washington’s advice.
Jones’s visit is scheduled on July 13-14. His parleys with Indian counterpart Shiv Shankar Menon will include the Afghan situation and the finalisation of the Indo-US nuclear deal.
When Jones last visited India in June 2009, the post-election situation in Iran had formed an important part of his discussions with Prime Minister Manmohan Singh, defence minister A.K. Antony and the then national security adviser, M.K. Narayanan.
Sources said Iran’s nuclear programme and India’s gradual warming up to Tehran had caused consternation in the Obama administration. India and Iran today concluded their two-day joint commission consultations by signing several agreements to increase economic co-operation. The Indian side attaches great importance to the visit by finance minister S. Shamseddin Hosseini.
After meeting foreign minister S.M. Krishna, the Iranian minister met the Prime Minister, finance minister Pranab Mukherjee and Menon and all the three premier chambers of commerce: Ficci, Assocham and CII.
In April, foreign secretary Nirupama Rao had described Iran as a “responsible country” when asked about its nuclear programme. On Monday, she seemed to take a swipe at the US-backed Iran sanctions.
“We are justifiably concerned that the extra-territorial nature of certain unilateral sanctions recently imposed by individual countries, with their restrictions on investment by third countries in Iran’s energy sector, can have a direct and adverse impact on Indian companies and more importantly, on our energy security and… development needs,” she said.