India is unlikely to face punitive American sanctions imposed on countries dealing with Russia and Iran as there is a bipartisan support for India among US lawmakers who will find out a positive solution, the head of a top American business advocacy group has said.
Provisions of the Countering America's Adversaries Through Sanctions Act (CAATSA) threaten India and several other close friends and allies of the US with sanctions for engaging in significant transactions with Russia's defence and intelligence sectors.
India is planning to purchase five S-400 Triumf air defence systems for around USD 4.5 billion from Russia.
The Trump administration is also pushing countries to cut all imports of Iranian oil from November, when the IS reimposes sanctions against Tehran.
Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal).
"The momentum that I am seeing is positive. The attitude and intentions (of the Trump Administration) are positive. So hopefully, we will have a positive solution (on the CAATSA and Iranian oil sanctions before the next two + two India US Dialogue)," Mukesh Aghi, the president of the US-India Strategic and Partnership Forum (USISPF), told
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