subject: USA CAN, INDIA CANNOT… [print this page] USA CAN, INDIA CANNOT USA CAN, INDIA CANNOT
India is a member of 9 member Asian Clearing Union (ACU). This week India unilaterally took a decision not to allow Indian companies to take part in the clearing of which Iran is a prominent member and the largest provider of crude-oil and gas allegedly as per the instruction of USA which would result in the import of oil and gas. India through ACU used to transact business in gas and crude-oil of which Iran is the important beneficiary. At a moment world oil prices are running sky-high already US $ 90 have crossed per barrel, India' decision not to import crude-oil from Iran, that too at the instance of USA is not only a foolish act but something reprehensible. Iran is a traditional friend of India, we could benefit a lot by engaging with that country. Not only India, Iran too could benefit by mutual engagements. But whenever offers beneficial to India come from, for instance Iran-Pakistan-India gas-pipe line USA arm-twisted India and India meekly succumbed to the pressure of America. America always keeps its self-interest above all, but its subservient country that is India always prefer to dance to the tune of USA throwing away its self-interest, even self-respect.
