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Us Options in Afghanistan

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Submitted By ajaved
Words 1281
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March 19, 2012
Much to American anger and displeasure, India is in no mood to reduce its energy ties with Iran. Let us say that the Indian policy makers are cognizant of some of the critical facts concerning Iran.
* That the international community has serious misgivings about the peaceful intentions of the Iranian nuclear programme.
* That India is formally opposed to a nuclear Iran.
* That under American sanctions, in December 2010 India had to terminate the Asian Customs Union (ACU) arrangement to pay for its oil imports from Iran.
* That alternative payment arrangements through Germany, Turkey and the UAE were unsuccessful, finally forcing India and Iran to settle for partial rupee payment for oil imports.
* That the rupee payment arrangement covers only 45 percent of the oil bill because the trade balance is highly in favour of Iran.
* That State-own Shipping Corporation India has refused to ship crude from Iran because it could not find the necessary insurance cover.
* That there are growing concerns over a possible Israeli military strike against Iranian nuclear installations.
* That India would have learned some lessons from the September 2005 fiasco over the IAEA vote. Not only its anti-Iranian vote was a last minute decision, the manner in which it executed and explained its vote clearly revealed that New Delhi acted under pressure from Washington. This inept handling angered Tehran and displeased Washington.
* That the statement issued by the Indian Embassy that interested parties are ‘misrepresentating the fact” about oil imports comes against the background of a visit of an economic delegation to Iran to intensify economic cooperation.
* That from March 17, the SWIFT (Society for Worldwide Interbank Financial Telecommunication) , which manages international financial transactions

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