“India increased its (550,000 barrels a day in January, up 37.5% from December, 2011) imports of Iran’s oil to become its largest customer last month, partly offsetting a cut in Chinese purchases, as sanctions failed to significantly dent Tehran’s sales, people in the oil industry said,” reported WSJ.
“Despite a pledge to find alternatives, South Africa has also increased its Iranian oil imports to 100,000 barrels a day,” reported WSJ.
“Overall Iranian crude exports remained steady in January,” admits paranoid Zionist writer Benoit Faucon.
On February 11, 2012 – Jim Yardley wrote in Jewish-owned the New York Times that India is determined to continue buying Iranian oil, despite sanctions and growing political pressure from the US and Europe, has frustrated ZOG officials in Washington.
The European Union insiders have admitted that last month EU foreign ministers agreed to put further sanctions against the Islamic regime – was ill-advised decision but was carried out under USsraeli pressure. Former British ambassador to IAEA, Peter Jenkins in a recent article has claimed that EU ministers lied to the public that the new sanctions are to force Iran to renegotiate with P5+1 its disputed nuclear program. The fact is the P5+1 still want Tehran to submit to USraeli demands which Iranians have rejected in the past.
Islamic Republic has been under the US sanctions since 1979 Islamic Revolution. However, Washington failed to weaken the new anti-Israel government in Tehran by reducing its trade with Iran to a minimum level. The next step was to gather the “willing partners” from the international community – applying threats and bribes to stop them trading with Iran. The successive regimes in Tehran have countered the USrael strategy by establishing trading-partners among Asian, African and South American countries which were struggling against western political, financial and military imperialism.
In 1996, during Bill Clinton first term, the Congress passed Iran-Libya Sanction Act (ILSA) which targeted US and foreign companies having trade with Iran, Libya, Hizbullah, Hamas and Islamic Jihad over $20 million. On April 26, 2006 – House passed HR 282 sponsored by anti-Muslim Jewish Rep. Ileana Ros-Lehtinen and supported by 397 US lawmakers on Jewish lobby payroll. The bill prohibited the US Export-Import bank to provide letter of credit to anyone having dealing with Iranian banks or firms.
However, several countries which sided with the US sanctions in the begining – came to realizations that such sanctions are in fact hurting their economy as result of America’s blind support for Israel. By 2010, the EU (21%), China (15%), Japan (8%), India (8%), UAE (8%), South Korea (7%) and Turkey (5%) were Iran’s main trade partners.
Since 2008, China has told the US that it will not accept anti-Iran sanctions unless it were passed by the UNSC. China being a veto power at the UNSC, has become a stumbling block against any such move due to country’s energy security which only neighboring Iran can provide. China’s dependence on Iranian oil has gradually grown. In 2008, China imported 408,000 barrels of oil per day, rising to 554,000 barrels per day in 2010 and is expected to surpass 610,000 barrels per day by the end of 2012.
London-based political analyst, Chris Bambery, in a recent interview with Russian Television (RT) said: “Europeans should question why they are being asked to pay for an American-Israeli adventure in Iran during a time of unprecedented austerity“.