TUESDAY www.thestatesman.com 06 NOVEMBER 2018 FIND US ONLINE Scan this with your smartphone twitter.com/TheStatesmanLtd facebook.com/thestatesman1875 Pages 16 |` 5.00|LC KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR RAJAPAKSA NOT RECOGNISED AS PM: SRI LANKA SPEAKER REFLECTIONS ON THE STATUE OF UNITY ‘RIYADH SENT TENT TO COVER UP KHASHOGGI KILLING’ P9 P10 P7 SENSEX 34,950.92 -60.73 WEATHER Partly cloudy sky. Maximum and minimum temperatures to be around 33 and 24 degree Celsius respectively RAINFALL: Nil RELATIVE HUMIDITY Max. 92% Min. 56% Max: 33.1°C (+2) SUN SETS 16:57 hrs MOON RISES 04:11 hrs Min: 24.6°C (+3) SUN RISES 05:44 hrs MOON SETS 16:17 hrs TEMPERATURE NIFTY 10,524.00 -29.00 ` vs $ 73.12 -67 PAISE GOLD 30,630.00 +25.00 Sanctions target Iran’s energy, financial and shipping sectors, aimed at crippling economy New moon on 7 November THUMBNAILS Rani Rashmoni skywalk, which was opened on Monday at Dakshineswar in Kolkata. n SUBAL SAHA Hiphei resigns as Mizoram speaker, joins BJP: Mizoram assembly Speaker Hiphei Monday resigned from his post, the House as well as the Congress, and joined the BJP, saying the party has promised to enhance powers of the state's autonomous district councils. Union home minister Rajnath Singh has promised amendment to the sixth schedule to enable greater autonomy to the district councils, he said. P5 WASHINGTON, 5 NOVEMBER T he Trump administration’s tough new sanctions on Iran took effect on Monday but eight major importers of Iranian oil, India among them, were spared from immediate penalties. The sanctions target Iran’s energy, financial and shipping sectors and are aimed at crippling the country’s economy following President Donald Trump’s withdrawal from the 2015 nuclear deal. The measures restore all the US sanctions that had been lifted under the accord that gave Iran billions of dollars in sanctions relief in exchange for curbs on its nuclear programme. The sanctions freeze any assets that those targeted have in US jurisdictions and bar Americans from doing business with them. They will also affect nonIranian companies that deal with sanctioned Iranian firms and officials. In what the US said was the largest-single sanctions designation, the Treasury Iranian protesters burn US and Israeli makeshift flags during a demonstration outside the former US embassy in the Iranian capital Tehran. n AFP imposed penalties on more than 700 Iranian and Iranian-linked individuals, entities, aircraft and vessels. The move brought to more than 900 the number of Iran-related targets sanctioned by the Trump administration in less than two years. Among those are 50 Iranian banks and subsidiaries, more than 200 people and ships, Iran’s state-run airline Iran Air and more than 65 of its planes. “Treasury’s imposition of unprecedented financial pressure on Iran should make clear to the Iranian regime that they will face mounting financial isolation and economic stagnation until they fundamentally change their destabilising behavior,” said Treasury Secretary Steven Mnuchin. Yet as the administration seeks to cut off Iran’s oil revenue completely it is allowing some of its closest allies, Greece, India, Italy, Japan, South Korea, Taiwan, Turkey, and rival China to continue to purchase Iranian oil as long as they work to reduce imports to zero. Secretary of State Mike Pompeo said the waivers, which expire in six months, were necessary to avoid disruption of world oil markets and to give the eight countries more time to eliminate their imports. During those six months, the importing country can buy Iranian oil but must deposit Iran’s revenue in an escrow account. Iran can spend the money but only on a narrow range of humanitarian items. India, the world's thirdbiggest oil consumer, meets more than 80 per cent of its oil needs through imports. Iran is its thirdlargest supplier after Iraq and Saudi Arabia and meets about 10 per cent of total needs. Currently, India pays its third largest oil supplier in euros using European banking channels. India has resisted Washington's call to reduce purchases to zero, citing the galloping energy needs of its 1.3 billion people. But at the same time, India has taken steps to reduce its oil purchase from Iran, which has already declined substantially. P11 SILVER 38,800.00 +150.00 US sanctions on Iran kick in; India among 8 spared PRESS TRUST OF INDIA BOXING PICKS A ‘CRIMINAL’ FOR LEADING ROLE Situation of economic war: Rouhani TEHERAN, 5 NOVEMBER Iran’s President Hassan Rouhani said the Islamic republic “will proudly bypass sanctions” by the United States that took effect on Monday. “I announce that we will proudly bypass your illegal, unjust sanctions because it's against international regulations,” Rouhani said in a televised speech. “We are in a situation of economic war, confronting a bullying power. I don't think that in the history of America, someone has entered the White House who is so against law and international conventions,” he added. Rouhani said four countries had approached him during his visit to New York for the UN General Assembly, offering to mediate with the US but he turned AFP them down. BRENT CRUDE (IN $) 73.12 +0.29 N-triad complete with INS Arihant STATESMAN NEWS SERVICE NEW DELHI, 5 NOVEMBER Prime Minister Narendra Modi Monday received the crew of the Navy’s Strategic Strike Nuclear Submarine (SSBN) INS Arihant which recently returned from its first deterrence patrol, completing the establishment of the country's survivable nuclear triad. Stressing the significance of the successful deployment of INS Arihant for the completion of India's nuclear triad, the Prime Minister congratulated the crew and all involved in the achievement which puts India among a handful of countries having the capability to design, construct and operate SSBNs. Noting that the indigenous development of the SSBN and its operationalisation attest to the country's technological prowess and the synergy and coordination among all concerned, the Prime Minister thanked them for their dedication and commitment in realising this pioneering accomplishment enhancing immensely the country's security. The PM commended the courage and commitment of India's soldiers and the talent and perseverance of its scientists, whose untiring efforts transformed the scientific achievement of nuclear tests into establishment of an immensely complex and credible nuclear triad, and dispelled all doubts and questions about India's capability and resolve in this regard. The PM stated that the people of India aspire for a ‘Shaktimaan Bharat’ (Strong India) and to build a New India. They have striven tirelessly to overcome all challenges in this path, he said, stressing that a strong India will fulfill the hopes and aspirations of over a billion Indians and will also be an important pillar for global peace and stability, especially in a world full of uncertainties and concerns. The PM extended greetings to the participants and their families on the occasion of Deepawali. He expressed the hope that just as light dispels darkness and all fear, INS Arihant will be the harbinger of fearlessness for the country. India has put in place a robust nuclear command and control structure, effective safety assurance architecture and strict political control, under its Nuclear Command Authority.
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