Remarks by Acting Deputy Department Spokesperson Mark C. Toner on India Reserve Bank's Decision to Stop Processing Iranian Transactions through the Asian Clearing Union (Excerpts)

December 29, 2010

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  • India

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QUESTION: And finally, this week on Monday, India's - The Reserve Bank of India told its bank and other companies to stop processing transaction with Iran through the Asian Clearing Union. There's a feeling in India it's something in which India is trying to (inaudible) any sanction against Iran. Have you seen those news reports? And what's your observation on that?

MR. TONER: This is - I'm sorry, news reports that India is supporting UN sanctions against Iran?

QUESTION: Yeah, they're - India has taken some (inaudible) measures, which some of the - many news analysts say that this is in - supporting sanction against Iran.

MR. TONER: Well, obviously, as a UN member, they would be - they would have to uphold sanction regime against Iran, and we view it as further proof that Iran is being further isolated by its behavior. More and more countries are ensuring that the sanctions, 1929 and then the additional sanctions by the EU and by the United States and others, have real teeth and are having an impact and are, in effect, isolating Iran more and more.

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