"India and China insist that US sanctions on Iran's oil industry should not apply to their trade ties with Tehran. All of the BRICS countries agree they are not bound by the "unilateral" sanctions against Iran.
The statement comes as the trade ministers of the BRICS economies – Brazil, Russia, India, China and South Africa – meet ahead of a summit in India.
"I think that we all broadly agree with the proposal, the terminology that was made, that if there are UN Security Council sanctions then we are all bound by that, but if there are sanctions that are imposed by other countries unilaterally, they shouldn't have to apply to us," South Africa's Trade and Industry Minister Rob Davies is cited by Reuters as saying..."
at http://rt.com/news/brics-iran-us-sanctions-684/
The statement comes as the trade ministers of the BRICS economies – Brazil, Russia, India, China and South Africa – meet ahead of a summit in India.
"I think that we all broadly agree with the proposal, the terminology that was made, that if there are UN Security Council sanctions then we are all bound by that, but if there are sanctions that are imposed by other countries unilaterally, they shouldn't have to apply to us," South Africa's Trade and Industry Minister Rob Davies is cited by Reuters as saying..."
at http://rt.com/news/brics-iran-us-sanctions-684/
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