"India follows only [United Nations] sanctions and not unilateral sanctions by any country", Swaraj was quoted as saying, emphasizing that India remains "independent" and immune to "pressure". Tehran is one of New Delhi's top oil suppliers.
India is now a top destination for Iran's oil exports.
Indian Prime Minister Narendra Modi, a right wing Hindu nationalist, had earlier seemed to waver over how to deal with Trump's violation of the UN Security Council-backed Iran nuclear deal (the Joint Comprehensive Plan of Action or JCPOA). Iran has now developed insurance instruments of its own for its oil exporting tankers and also built a small fleet of such tankers, so that some of the tactics the Obama administration tried to marginalize Iran are now more easily overcome. Washington has also tightened sanctions against Venezuela over the controversial re-election of President Nicolas Maduro.
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Bilateral trade between India and Iran amounted to $12.9 billion in 2016-17.
The top Iranian diplomat is in India as part of global consultations aimed at discussing continued mutual cooperation with world countries following the U.S. withdrawal from the JCPOA.
"Total has always been clear that it can not afford to be exposed to any secondary sanction, which might include the loss of financing in dollars by United States banks for its worldwide operations", the French company said a week after the USA withdrawal from the Iran deal.
"A major part of the oil is sold to India and China", Nobakht said.
What's more of a puzzle, though, is why they continue to support Venezuela. While India may not be huge fans of Iran, they're extremely antagonistic towards Pakistan and that works out to be a win for them. "In the course of these 60 days, the French government may also initiate talks with the USA government aimed at ensuring Total's stay in Iran", the Iranian oil ministry's news service Shana quoted the minister as saying.