Washington: The US which has been asking India to cut oil imports from Iran has said that the reduction has happened not because of its pressure but due to ‘financial and commercial considerations.’
‘Progress is being made,’ on India reducing its dependence on Iranian oil, assistant secretary of state for South and Central Asia, Robert Blake told lawmakers during a Congressional hearing on Wednesday.
Responding to the questions from Congressmen, Blake said India is making progress in this regard not because of any pressure from the US, but because of ‘financial and commercial considerations.’
Blake's remarks come against the backdrop of Indian government saying it has cut crude import from Iran by 11 per cent to 15.5 million tonnes for this financial year. India depends on Iran for 12 per cent of its 80 per cent of imports of crude.