mo4ch:>India stops purchases of Iranian oil as US waivers expire - envoy | Mo4ch News

One of Iran’s key energy partners, India, has stopped importing oil from the Islamic Republic after the US waivers allowing the country to bypass sanctions expired earlier this month.That’s according to India’s Ambassador to the US, Harsh Vardhan Shringla, who said the country will comply with the US sanctions on Tehran."We do understand that this has been a priority for the US administration, although it comes at a cost to us because we really need to find alternative sources of energy," Shringla said at a news conference in Washington on Thursday.Also on rt.comIndia not rushing to buy extra Saudi oil to offset lost Iranian supplyHe added that India has stopped importing oil from both Iran and Venezuela.The world's third-biggest oil consumer, India, was among the four major Asian buyers of Iranian oil. As of late April, it had dropped its dependency on Iranian oil from about 2.5 million tons a month to 1 million tons. Iran used to supply 10 percent of India's oil ne…