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India defies sanctions, won't cut Iran oil imports

By ERIKA KINETZ - AP Business Writer -- MUMBAI, India -- India has joined China in saying it will not cut back on oil imports from Iran, despite stiff new U.S. and European sanctions designed to pressure Tehran over its nuclear program.

"It is not possible for India to take any decision to reduce the import from Iran drastically because, after all, the countries which can provide the requirement of the emerging economy, Iran is an important country amongst them," India's finance minister Pranab Mukherjee told reporters Sunday in Chicago.

India and China together accounted for 34 percent of Iran's oil exports from January to September of 2011 - slightly more than Europe, according to International Energy Agency data.

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Submitted Jan 31, 2012 By: Mudsprings

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Vette1967 Champion Author Albany Posts:4,172 Points:919,380 Joined:Jun 2009	Message Posted: Feb 4, 2012 5:53:21 PM Ignore Vette1967 Report Abuse Really...did we expect them to do otherwise?
honda0105 Champion Author Tallahassee Posts:15,978 Points:1,248,125 Joined:Nov 2008	Message Posted: Feb 4, 2012 5:42:17 PM Ignore honda0105 Report Abuse gawx: can't do that.. soon the US will be totally isolated. And we had that situation before. Read the history books.
GasPriceHelp4u All-Star Author Dayton Posts:859 Points:208,700 Joined:Jul 2008	Message Posted: Feb 3, 2012 3:37:11 AM Ignore GasPriceHelp4u Report Abuse Those Countries have to lookout for their own interests because their economies depend on Iranian oil. I don't blame them....
gawxnative All-Star Author Atlanta Posts:507 Points:185,430 Joined:Aug 2006	Message Posted: Feb 3, 2012 3:34:48 AM Ignore gawxnative Report Abuse Start planning to sanction those that don't participate.
honda0105 Champion Author Tallahassee Posts:15,978 Points:1,248,125 Joined:Nov 2008	Message Posted: Feb 3, 2012 3:19:18 AM Ignore honda0105 Report Abuse too bad we can't choose not to use the Indian call centers.
jrs4125 All-Star Author Indiana Posts:921 Points:230,670 Joined:Sep 2011	Message Posted: Jan 31, 2012 10:59:17 PM Ignore jrs4125 Report Abuse That is there choice.
matthwbar Champion Author Toledo Posts:2,420 Points:665,165 Joined:Jun 2007	Message Posted: Jan 31, 2012 9:27:47 PM Ignore matthwbar Report Abuse India is worried about India..
joel27nc Champion Author Raleigh Posts:8,701 Points:1,498,270 Joined:Mar 2008	Message Posted: Jan 31, 2012 9:23:57 PM Ignore joel27nc Report Abuse Hum, to hungry for oil?
deacon260 Rookie Author Louisville Posts:68 Points:45,100 Joined:May 2009	Message Posted: Jan 31, 2012 9:22:32 PM Ignore deacon260 Report Abuse they may want to defy the sanctions but it will be tough getting banks to finance the wanted purchases. May also be a face saving statement till they find another source of oil.
TommyTraveler Champion Author Cincinnati Posts:6,853 Points:1,338,205 Joined:Nov 2007	Message Posted: Jan 31, 2012 9:20:32 PM Ignore TommyTraveler Report Abuse India is no friend of ours whatsoever.
frostyWV Champion Author West Virginia Posts:1,561 Points:352,775 Joined:May 2011	Message Posted: Jan 31, 2012 9:12:50 PM Ignore frostyWV Report Abuse they just need convincing.
regout Champion Author Quebec Posts:1,402 Points:500,145 Joined:May 2010	Message Posted: Jan 31, 2012 9:08:49 PM Ignore regout Report Abuse Where they gone buy there oil if they don't buy it from Iran.
goldrose1 Champion Author Cleveland Posts:9,062 Points:1,572,680 Joined:Feb 2005	Message Posted: Jan 31, 2012 9:07:53 PM Ignore goldrose1 Report Abuse When they need more oil, they're probably trying to make sure they get enough. Don't bite hand that keeps oil coming.
ljmh Champion Author Akron Posts:2,500 Points:444,040 Joined:Feb 2011	Message Posted: Jan 31, 2012 9:06:34 PM Ignore ljmh Report Abuse We should stay out of it.
lightninjack Sophomore Author Ohio Posts:173 Points:13,570 Joined:Dec 2011	Message Posted: Jan 31, 2012 9:05:37 PM Ignore lightninjack Report Abuse Ah screw it lets attack india to...lol
jkpsr Champion Author New Jersey Posts:2,530 Points:759,115 Joined:Jun 2005	Message Posted: Jan 31, 2012 9:05:09 PM Ignore jkpsr Report Abuse Our former ally!
viperND Champion Author South Bend Posts:1,376 Points:376,065 Joined:Apr 2011	Message Posted: Jan 31, 2012 9:05:07 PM Ignore viperND Report Abuse :\|
tampacrvdriver Champion Author Tampa Posts:1,721 Points:360,400 Joined:May 2011	Message Posted: Jan 31, 2012 9:03:43 PM Ignore tampacrvdriver Report Abuse Wow.
mrbee Champion Author Little Rock Posts:1,967 Points:2,106,670 Joined:Oct 2005	Message Posted: Jan 31, 2012 9:01:33 PM Ignore mrbee Report Abuse Probably scared of Iran.
SparkieMi Champion Author Kalamazoo Posts:1,463 Points:237,455 Joined:Sep 2011	Message Posted: Jan 31, 2012 8:59:23 PM Ignore SparkieMi Report Abuse Interesting..
jindodog Veteran Author Missouri Posts:425 Points:95,075 Joined:Jan 2012	Message Posted: Jan 31, 2012 8:54:26 PM Ignore jindodog Report Abuse ok
RetFireLT Champion Author Kentucky Posts:1,886 Points:126,080 Joined:Mar 2011	Message Posted: Jan 31, 2012 8:54:03 PM Ignore RetFireLT Report Abuse Oh well.
Blue48 Champion Author Illinois Posts:5,494 Points:1,278,025 Joined:Feb 2007	Message Posted: Jan 31, 2012 8:51:43 PM Ignore Blue48 Report Abuse YEAH..THANKS FOR YOUR SUPPORT!
JesseJack52 All-Star Author Virginia Beach Posts:612 Points:124,640 Joined:Sep 2011	Message Posted: Jan 31, 2012 8:48:19 PM Ignore JesseJack52 Report Abuse China's cousin go figure!!!!!....Two peas in a pot.
boatmen Champion Author New York Posts:2,090 Points:377,420 Joined:Jan 2011	Message Posted: Jan 31, 2012 8:47:11 PM Ignore boatmen Report Abuse Hit them where it hurts stop imports from them
BooHooMI Champion Author Michigan Posts:1,546 Points:342,460 Joined:Sep 2010	Message Posted: Jan 31, 2012 8:47:01 PM Ignore BooHooMI Report Abuse India has Russia to the north, China to the east, and their former countrymen, Pakistan on their western front. They will not disappoint their neighbors.
NedW Champion Author Indianapolis Posts:3,792 Points:788,670 Joined:Mar 2008	Message Posted: Jan 31, 2012 8:46:01 PM Ignore NedW Report Abuse I'm no fan of Iran or India but, India knows what it takes to bring its economy out of 3rd world status. The US, on the other hand, is diving headfirst into one and using Al Gore's "save the planet" BS as an excuse.
johnd900 Veteran Author Massachusetts Posts:297 Points:74,895 Joined:Jan 2012	Message Posted: Jan 31, 2012 8:46:01 PM Ignore johnd900 Report Abuse tippybuddy brings up a good point, "no more aid to any of these countries causing so many problems". We should cut back on aid to them and everyone else that isn't causing us problems! I'm no Ron Paul guy but his point on this is spot on.
ROSYMI All-Star Author Michigan Posts:576 Points:118,500 Joined:Nov 2011	Message Posted: Jan 31, 2012 8:45:39 PM Ignore ROSYMI Report Abuse let's help everybody else
bonzoonfmb All-Star Author Florida Posts:539 Points:357,575 Joined:Feb 2010	Message Posted: Jan 31, 2012 8:42:56 PM Ignore bonzoonfmb Report Abuse Sanctions don't work anyway.
RAKARWOWSKI Champion Author Chicago Posts:2,202 Points:461,810 Joined:Jan 2011	Message Posted: Jan 31, 2012 8:37:18 PM Ignore RAKARWOWSKI Report Abuse India and China our good buddies. Let's do more for them.
Road-Runner Champion Author Denver Posts:6,409 Points:1,775,295 Joined:May 2004	Message Posted: Jan 31, 2012 8:32:22 PM Ignore Road-Runner Report Abuse India and China are just looking out - short term - for their own interests.
us4usa Champion Author Missouri Posts:4,426 Points:782,695 Joined:May 2008	Message Posted: Jan 31, 2012 8:26:02 PM Ignore us4usa Report Abuse If they get Nukes, will they nuke India , China or someone next door??? Switching cars and trucks to NG, is our next step...
g747 Champion Author Mobile Posts:2,797 Points:588,215 Joined:Jul 2009	Message Posted: Jan 31, 2012 8:24:31 PM Ignore g747 Report Abuse Blackball INDIA!!!!!!!!!!!!!!!!!.Go down with them!!!!!!!!.
bif65 All-Star Author Virginia Posts:784 Points:137,550 Joined:Jan 2011	Message Posted: Jan 31, 2012 8:24:21 PM Ignore bif65 Report Abuse ok
darkknight1 Champion Author Winston-Salem Posts:2,525 Points:536,185 Joined:Nov 2010	Message Posted: Jan 31, 2012 8:21:52 PM Ignore darkknight1 Report Abuse Not surprised.
weenerdog Champion Author Detroit Posts:7,814 Points:1,542,515 Joined:Jan 2008	Message Posted: Jan 31, 2012 8:16:56 PM Ignore weenerdog Report Abuse amazing
tippybuddy Champion Author Ontario Posts:1,354 Points:181,785 Joined:Feb 2011	Message Posted: Jan 31, 2012 8:16:37 PM Ignore tippybuddy Report Abuse no more aid to any of these countries causing so many problems
nightworker998 Champion Author Maryland Posts:1,280 Points:537,740 Joined:Mar 2009	Message Posted: Jan 31, 2012 8:15:46 PM Ignore nightworker998 Report Abuse A response to india is to revoke all India's student visas.
Ahking Champion Author Orange County Posts:2,006 Points:329,095 Joined:May 2011	Message Posted: Jan 31, 2012 8:14:51 PM Ignore Ahking Report Abuse what is pakistan doing?
AnObserver Champion Author New Jersey Posts:6,740 Points:1,935,335 Joined:Sep 2005	Message Posted: Jan 31, 2012 8:03:24 PM Ignore AnObserver Report Abuse Unfortuately the US and Europe have little leverage over either India or China
Wild_cat Sophomore Author Illinois Posts:112 Points:217,690 Joined:Jul 2008	Message Posted: Jan 31, 2012 8:03:01 PM Ignore Wild_cat Report Abuse send indian programmers back to India than.
clermont40miles Champion Author Cincinnati Posts:8,185 Points:1,412,725 Joined:Apr 2008	Message Posted: Jan 31, 2012 8:01:42 PM Ignore clermont40miles Report Abuse Trying to get nations to follow through with sanctions is like herding cats. Have we made the case? Do we have moral persuasion? Are our "friends" convinced?
mstearno Champion Author Dayton Posts:6,366 Points:1,388,490 Joined:Jan 2008	Message Posted: Jan 31, 2012 7:59:54 PM Ignore mstearno Report Abuse lets get em
REKEY Champion Author South Carolina Posts:6,745 Points:1,339,405 Joined:May 2008	Message Posted: Jan 31, 2012 7:59:49 PM Ignore REKEY Report Abuse No more aid to India!
gem1224 Champion Author Tulsa Posts:1,338 Points:317,995 Joined:May 2011	Message Posted: Jan 31, 2012 7:59:21 PM Ignore gem1224 Report Abuse Oh Really maybe we should cut India off to..
CatMan623 Champion Author Houston Posts:13,332 Points:1,984,370 Joined:Aug 2006	Message Posted: Jan 31, 2012 7:57:34 PM Ignore CatMan623 Report Abuse Frack India...
smoketown Champion Author Cincinnati Posts:4,521 Points:1,034,225 Joined:Feb 2008	Message Posted: Jan 31, 2012 7:52:50 PM Ignore smoketown Report Abuse Oh,WELL
JDisNo1 Rookie Author Twin Cities Posts:88 Points:69,675 Joined:Jan 2012	Message Posted: Jan 31, 2012 7:52:38 PM Ignore JDisNo1 Report Abuse amazing!
TDIdave Champion Author California Posts:3,339 Points:880,150 Joined:May 2006	Message Posted: Jan 31, 2012 7:48:52 PM Ignore TDIdave Report Abuse hmmm.