Dealing with Iran

US waiver for India solves only half the problem

Business Standard Editorial Comment  |  New Delhi 

The US last week announced that while sanctions would be re-imposed by the Trump administration on the Islamic Republic of Iran for supposedly firing up its nuclear programme — and in reality because President Donald Trump wished to escape a deal signed by his predecessor — the sanctions programme would include significant waivers for at least eight countries.

While these did not include the European Union, major trading partners with Iran, they did include the Asian oil importers of India, China, South Korea and Japan. For India, this will come as a significant relief and the ...

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First Published: Mon, November 05 2018. 23:39 IST