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Statement by MEA Official Spokesperson on US Exemption on Iran Sanctions

Washington, DC

In response to a question relating to Sanctions on Iran, the Official Spokesperson said:

"We have seen the US notification exempting Indian financial institutions from the application of the provisions of U.S. domestic law for energy-related transactions with Iranian Central Bank and other financial institutions designated by U.S. Government. This is a decision taken by the U.S. Government under its domestic law.

India and the United States have a growing strategic partnership. The India-US Strategic Dialogue on June 13 will once again demonstrate the strength of our relationship and the extraordinary breadth of our bilateral cooperation, based on our shared values and convergent interests.”