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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:4,152 Points:915,380 Joined:Jun 2009	Message Posted: Feb 4, 2012 8:53:21 PM Ignore Vette1967 Report Abuse Really...did we expect them to do otherwise?
honda0105 Champion Author Tallahassee Posts:15,950 Points:1,244,125 Joined:Nov 2008	Message Posted: Feb 4, 2012 8:42:17 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:839 Points:204,700 Joined:Jul 2008	Message Posted: Feb 3, 2012 6:37:11 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 6:34:48 AM Ignore gawxnative Report Abuse Start planning to sanction those that don't participate.
honda0105 Champion Author Tallahassee Posts:15,950 Points:1,244,125 Joined:Nov 2008	Message Posted: Feb 3, 2012 6:19:18 AM Ignore honda0105 Report Abuse too bad we can't choose not to use the Indian call centers.
jrs4125 All-Star Author Indiana Posts:901 Points:226,670 Joined:Sep 2011	Message Posted: Feb 1, 2012 1:59:17 AM Ignore jrs4125 Report Abuse That is there choice.
matthwbar Champion Author Toledo Posts:2,410 Points:661,615 Joined:Jun 2007	Message Posted: Feb 1, 2012 12:27:47 AM Ignore matthwbar Report Abuse India is worried about India..
joel27nc Champion Author Raleigh Posts:8,681 Points:1,494,270 Joined:Mar 2008	Message Posted: Feb 1, 2012 12:23:57 AM Ignore joel27nc Report Abuse Hum, to hungry for oil?
deacon260 Rookie Author Louisville Posts:68 Points:45,100 Joined:May 2009	Message Posted: Feb 1, 2012 12:22:32 AM 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:6,833 Points:1,334,205 Joined:Nov 2007	Message Posted: Feb 1, 2012 12:20:32 AM Ignore TommyTraveler Report Abuse India is no friend of ours whatsoever.
frostyWV Champion Author West Virginia Posts:1,541 Points:348,775 Joined:May 2011	Message Posted: Feb 1, 2012 12:12:50 AM Ignore frostyWV Report Abuse they just need convincing.
regout Champion Author Quebec Posts:1,382 Points:496,145 Joined:May 2010	Message Posted: Feb 1, 2012 12:08:49 AM Ignore regout Report Abuse Where they gone buy there oil if they don't buy it from Iran.
goldrose1 Champion Author Cleveland Posts:9,041 Points:1,568,780 Joined:Feb 2005	Message Posted: Feb 1, 2012 12:07:53 AM 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:2,480 Points:440,040 Joined:Feb 2011	Message Posted: Feb 1, 2012 12:06:34 AM Ignore ljmh Report Abuse We should stay out of it.
lightninjack Sophomore Author Ohio Posts:173 Points:13,570 Joined:Dec 2011	Message Posted: Feb 1, 2012 12:05:37 AM Ignore lightninjack Report Abuse Ah screw it lets attack india to...lol
jkpsr Champion Author New Jersey Posts:2,515 Points:756,090 Joined:Jun 2005	Message Posted: Feb 1, 2012 12:05:09 AM Ignore jkpsr Report Abuse Our former ally!
viperND Champion Author South Bend Posts:1,355 Points:372,065 Joined:Apr 2011	Message Posted: Feb 1, 2012 12:05:07 AM Ignore viperND Report Abuse :\|
tampacrvdriver Champion Author Tampa Posts:1,706 Points:357,375 Joined:May 2011	Message Posted: Feb 1, 2012 12:03:43 AM Ignore tampacrvdriver Report Abuse Wow.
mrbee Champion Author Little Rock Posts:1,949 Points:2,102,710 Joined:Oct 2005	Message Posted: Feb 1, 2012 12:01:33 AM Ignore mrbee Report Abuse Probably scared of Iran.
SparkieMi Champion Author Kalamazoo Posts:1,439 Points:233,455 Joined:Sep 2011	Message Posted: Jan 31, 2012 11:59:23 PM Ignore SparkieMi Report Abuse Interesting..
jindodog Veteran Author Missouri Posts:425 Points:95,075 Joined:Jan 2012	Message Posted: Jan 31, 2012 11:54:26 PM Ignore jindodog Report Abuse ok
RetFireLT Champion Author Kentucky Posts:1,871 Points:124,105 Joined:Mar 2011	Message Posted: Jan 31, 2012 11:54:03 PM Ignore RetFireLT Report Abuse Oh well.
Blue48 Champion Author Illinois Posts:5,474 Points:1,274,025 Joined:Feb 2007	Message Posted: Jan 31, 2012 11:51:43 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 11:48:19 PM Ignore JesseJack52 Report Abuse China's cousin go figure!!!!!....Two peas in a pot.
boatmen Champion Author New York Posts:2,070 Points:373,420 Joined:Jan 2011	Message Posted: Jan 31, 2012 11:47:11 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 11:47:01 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:3,776 Points:785,645 Joined:Mar 2008	Message Posted: Jan 31, 2012 11:46:01 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:279 Points:72,995 Joined:Jan 2012	Message Posted: Jan 31, 2012 11:46:01 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:554 Points:113,685 Joined:Nov 2011	Message Posted: Jan 31, 2012 11:45:39 PM Ignore ROSYMI Report Abuse let's help everybody else
bonzoonfmb All-Star Author Florida Posts:534 Points:354,225 Joined:Feb 2010	Message Posted: Jan 31, 2012 11:42:56 PM Ignore bonzoonfmb Report Abuse Sanctions don't work anyway.
RAKARWOWSKI Champion Author Chicago Posts:2,182 Points:458,660 Joined:Jan 2011	Message Posted: Jan 31, 2012 11:37:18 PM Ignore RAKARWOWSKI Report Abuse India and China our good buddies. Let's do more for them.
Road-Runner Champion Author Denver Posts:6,400 Points:1,773,265 Joined:May 2004	Message Posted: Jan 31, 2012 11:32:22 PM Ignore Road-Runner Report Abuse India and China are just looking out - short term - for their own interests.
us4usa Champion Author Missouri Posts:4,418 Points:779,085 Joined:May 2008	Message Posted: Jan 31, 2012 11:26:02 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:2,778 Points:584,235 Joined:Jul 2009	Message Posted: Jan 31, 2012 11:24:31 PM Ignore g747 Report Abuse Blackball INDIA!!!!!!!!!!!!!!!!!.Go down with them!!!!!!!!.
bif65 All-Star Author Virginia Posts:768 Points:135,575 Joined:Jan 2011	Message Posted: Jan 31, 2012 11:24:21 PM Ignore bif65 Report Abuse ok
darkknight1 Champion Author Winston-Salem Posts:2,505 Points:532,185 Joined:Nov 2010	Message Posted: Jan 31, 2012 11:21:52 PM Ignore darkknight1 Report Abuse Not surprised.
weenerdog Champion Author Detroit Posts:7,799 Points:1,538,615 Joined:Jan 2008	Message Posted: Jan 31, 2012 11:16:56 PM Ignore weenerdog Report Abuse amazing
tippybuddy Champion Author Ontario Posts:1,334 Points:180,785 Joined:Feb 2011	Message Posted: Jan 31, 2012 11:16:37 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 11:15:46 PM Ignore nightworker998 Report Abuse A response to india is to revoke all India's student visas.
Ahking Champion Author Orange County Posts:1,986 Points:325,200 Joined:May 2011	Message Posted: Jan 31, 2012 11:14:51 PM Ignore Ahking Report Abuse what is pakistan doing?
AnObserver Champion Author New Jersey Posts:6,720 Points:1,931,360 Joined:Sep 2005	Message Posted: Jan 31, 2012 11:03:24 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 11:03:01 PM Ignore Wild_cat Report Abuse send indian programmers back to India than.
clermont40miles Champion Author Cincinnati Posts:8,164 Points:1,408,765 Joined:Apr 2008	Message Posted: Jan 31, 2012 11:01:42 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:6,346 Points:1,384,510 Joined:Jan 2008	Message Posted: Jan 31, 2012 10:59:54 PM Ignore mstearno Report Abuse lets get em
REKEY Champion Author South Carolina Posts:6,725 Points:1,335,405 Joined:May 2008	Message Posted: Jan 31, 2012 10:59:49 PM Ignore REKEY Report Abuse No more aid to India!
gem1224 Champion Author Tulsa Posts:1,338 Points:314,995 Joined:May 2011	Message Posted: Jan 31, 2012 10:59:21 PM Ignore gem1224 Report Abuse Oh Really maybe we should cut India off to..
CatMan623 Champion Author Houston Posts:13,308 Points:1,981,345 Joined:Aug 2006	Message Posted: Jan 31, 2012 10:57:34 PM Ignore CatMan623 Report Abuse Frack India...
smoketown Champion Author Cincinnati Posts:4,501 Points:1,029,475 Joined:Feb 2008	Message Posted: Jan 31, 2012 10:52:50 PM Ignore smoketown Report Abuse Oh,WELL
JDisNo1 Rookie Author Twin Cities Posts:88 Points:68,475 Joined:Jan 2012	Message Posted: Jan 31, 2012 10:52:38 PM Ignore JDisNo1 Report Abuse amazing!
TDIdave Champion Author California Posts:3,319 Points:876,150 Joined:May 2006	Message Posted: Jan 31, 2012 10:48:52 PM Ignore TDIdave Report Abuse hmmm.