Industrialized Cyclist Notepad


The Effect of Iran Sanctions

Closer relations between Iran, India and China; creation of new financial networks to bypass the West. The inability to control Iran through non-military means may make military action more likely.

NEW DELHI, MARCH 28: 

India and China on Wednesday indicated that they will continue to maintain normal relations with Iran, while citing high crude oil prices and energy security concerns.

The Chinese Commerce Minister, Mr Chen Deming, said China respects all the United Nations resolutions.

However, in a veiled reference to the US sanctions on Iran, he added that Beijing is not obliged to follow the domestic rules and regulations of any particular country.

via Business Line : Industry & Economy News : India, China to maintain ties with Iran despite US, EU sanctions.

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