India, Japan paid economic price for sanctions on Iran: US official
Source: PTI With the US sealing a deal over Iran's nuclear programme, the Obama Administration has said countries like India and Japan have paid an economic price for sanctions against the Islamic republic and they may no longer feel obliged to do so if the pact is scuttled by the Congress. US National Security Advisor Susan Rice has argued that if the deal is not approved by the Congress, countries like India and Japan would no longer be obliged to enforce US sanctions against Iran. "Countries like Japan and India that have paid an economic price to implement these sanctions would no longer feel the obligation to do so," Rice told PBS News yesterday. "Iran would say, look, we signed up ...
Indian exporters concerned over talks on lifting sanctions on Iran
Himanshu Vatsa | The Dollar Business As the US and other developed countries are mulling over lifting trade restrictions on Iran, Indian exporters say the move will have diversified impact on the existing bilateral economic ties. Since 2002, Iran has been facing sanctions imposed by the United Nations (UN), European Union (EU) and several individual countries to prevent the Islamic republic from developing military nuclear capability. Now, the UN Security Council members (the US, UK, France, Russia, China), also known as P5, plus Germany are holding discussions in Vienna to reach an agreement on Iran’s nuclear programme and removal of trade restrictions on the country in a phased manner. Experts say that Iran and P5+1 group are likely to finalise a deal ...
