Reacting to the recent U.S. sanctions on 19 Indian entities and two Indian nationals for helping Russia’s war efforts in Ukraine, India on Saturday asserted that Indian companies have not violated any national law.
The Russian envoy added, "US officials who come here do not hesitate to directly state that they are pursuing the goal of tearing New Delhi away from Moscow."
The US sanctions against individuals and a law enforcement agency in Bangladesh took us by surprise ~ especially when we found ourselves bracketed with countries like North Korea and Myanmar ~ sending shock waves throughout the power structure as well as the civil society.
China held an internal conference with foreign and domestic bank representatives to discuss ways of protecting overseas assets from potential US sanctions, media reports said on Sunday.
The President said on Friday that the nation has had to "allow the operation of the (US) dollar for trade exchange", which has been very positive, but the official currency (of the bolivar) "will once again play a strong and dominant role in the economic and commercial life of the country"
Prepared for the members of the Congress for them to take informed decisions, the report went on to warn that "India's multi-billion dollar deal to purchase the Russia-made S-400 air defence system may trigger US sanctions on India under the Countering America's Adversaries Through Sanctions Act."
Thursday's sanctions came a day after Director of National Intelligence John Ratcliffe said that Iran has sent emails to intimidate US voters.
"Aviation and shipping industries should be vigilant and not allow their industries to be exploited by a terrorist," Mnuchin added.
Following the withdrawal of the US waiver, India has stopped contracting oil shipments from Iran.
The remarks by Iran's Ambassador to India come a week after US Secretary of State Michael Pompeo hailed India for cutting off oil imports from Iran.
