MK Bhadrakumar
...........''Clearly, India also stands to benefit from China’s ’strategic defiance’ of the western sanctions against Iran. Not only has China refused to heed the US demarche to reduce oil imports from Iran, the figures for May show a whopping increase of imports by 35%.
Don’t forget that yet another interesting deadline is coming up on July 1. That is the day Washington is called upon to punish China for flouting the US’ sanctions against Iran. China is the only country that the US has so far withheld from giving a so-called ‘waiver’. Will Washington chicken out and give the waiver? If CNN Money is to be believed, US is in no position to trigger a trade war with China and will find some alibi to give a ‘waiver’.
At any rate, China is hanging tough. A commentary in the Global Times said the US demarche to China to reduce oil imports from Iran is an affront to China’s sovereignty and it would “infuriate” the public opinion if China succumbs to the US pressure. ''
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