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Confucian cultures tend to be quite risk-averse, for example the East Asian countries have some of the highest savings rates on the planet, and are less likely to buy things using loans.
We can't put ourselves in a position where the USA can scrap our projects with a word. We'll build contingency plans upon contingency plans to make sure we have a plethora of options available at all times.
Pakistanis are also very risk averse, that's why little changes in Pakistan - at least for the people on top
As our major requirement is Oil, we are excepted. KSA offered us oil instead from buying from Iran. We had to reduce because god forbid if war occurs, India will be affected as Iran is major exporter.Oh ok you're right India is in exceptions list, is it full exception or limited exception? If you know...
As for Pakistan, Pakistan should call Secretary of State John Kerry tell him to give exception to Pakistan, best option.
If anyone remember, I told this that it might occur. They have solid reason to do so. They don't have to go to UN. Just impose sanctions from their own side, US and European nations.
What will Pakistan govt. do in this case ?
P.S No chest thumping. Only rational points.
I was thinking on the same lines. If it comes out to be positive, PPP will take credit and if there is anything negative, it will for sure create problems for the next government.
New Recruit
They don't need UN. They will do that same they did with Iran. US + EU together applied sanctions on their own whims and wishes.I say do it! US sanctions would suck but it will clear out once and for all about US's friend or foe status, UN sanctions are not possible without approval from China so we're good.
China is going to buy Oil from Iran and will get it through Gwadar. Will the 'next superpower' get sanctions ?