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Wednesday, March 28, 2012

''BRICS not ‘obliged’ to follow U.S. sanctions on Iran''

From The Hindu

"India, China and other BRICS countries on Wednesday said they will not severe their trade ties with oil-rich Iran, which is facing U.S. sanctions against its nuclear programme.

The issue came up for discussion at a meeting of trade ministers of Brazil, Russia, India, China and South Africa (BRICS), a day ahead of the BRICS summit in New Delhi.

“Yes, this was discussed. All BRICS members are members of the UNSC. We respect U.N. resolutions...at the same time the resolution does not forbid countries to engage in trade in essential commodities and what is required for human good,” Commerce and Industry Minister Anand Sharma said, addressing a joint press conference with other BRICS trade ministers."

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