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May 7th, 2012 
FAKE NEWS for the Zionist agenda
The enduring nature of its relationship with Tehran was highlighted yesterday
as leaders of the Federation of Indian Chambers of Commerce welcomed an
Iranian trade delegation while Mrs Clinton was in the capital to meet the
prime minister.
Its visit is aimed at finding new payment mechanisms to evade EU and US
sanctions, including increased Indian exports to Iran to pay for its oil
imports. Iran recently agreed to accept Indian Rupees in payment for almost
half India’s imports.
India has reduced its oil imports from Iran in recent months to below nine per
cent, but it’s fast-growing economy is already constrained by fuel and power
shortages – officials say it could not rapidly reduce its imports from
Tehran without a political and economic blowback.
Washington has acknowledged India’s efforts to reduce its dependence, but will
not commit to allowing India the same exemption to forthcoming sanctions it
has granted to Japan.
In Calcutta Mrs Clinton declined to offer India any comfort on the issue. “If
there weren’t an adequate supply … we would understand, but we believe
that there is adequate supply,” she said.
“We believe, at this moment in time, the principle threat is a
nuclear-armed Iran. We need India to be part of the international effort,”
she added.
But when asked if India might be given the same exemption granted to Japan,
she said it was too early to consider.
One senior Indian businessman, a key figure in energy trade with Iran, said he
believes the government will seek to meet US demands, but could not go as
far as Washington has demanded.
“I can’t see India completely walking away from doing business with Iran.
They might quietly reduce, but they can’t stop, both for political and
practical reasons,” he said.
Several vital Indian oil refineries, including those at Madras and Mangalore,
were designed and built with Iranian investment specifically to refine
Iranian crude, and it would not be possible for them to process oil from
other sources, he said.
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