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March 27th, 2012 
FAKE NEWS for the Zionist agenda India’s Great Eastern Shipping Co Ltd. has not been able to pay the Greek firm for using one of its supertankers, which shipped Iranian crude earlier this year, because the UK-based bank would not clear the payment.
“Due to financial sanctions the payment could not be released. RBS said they are unable to transmit the money,” Reuters quoted an informed source on Monday.
The Indian company hired the tanker in January to transfer a cargo of 93,000 metric tons of Iran’s crude oil, delivered to Mangalore Refinery and Petrochemicals Ltd on February 7, 2012.
The US, Israel and some of their allies have accused Tehran of pursuing military objectives in its nuclear energy program. Washington and the EU have even used this pretext to impose sanctions against Iran.
On New Year’s Eve, the US imposed new sanctions against Iran aimed at preventing other countries from importing Iranian oil and conducting transactions with its central bank.
EU foreign ministers also approved sanctions against Iran’s oil and financial sectors on January 23, including a ban on Iranian oil imports, a freeze on the assets of the country’s central bank within the EU states, and a ban on selling grains, diamonds, gold, and other precious metals to Tehran.
New Delhi has repeatedly announced that India will not follow the sanctions imposed on Iran by the US and the EU and will continue to import crude oil from the Islamic Republic.
On March 20, the US exempted 11 nations, including 10 European Union members and Japan, from tough sanctions on Iran, saying they have reduced oil purchase from the major oil producer. However, Washington warned that 12 countries — including India and China — are prone to financial penalties due to their continued Iranian oil imports.
TNP/PKH/AZ/IS
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