Wednesday, 9 May 2018

Iran nuclear deal: India’s oil import from Tehran will not be immediately impacted by US sanctions

SOURCE: PTI The US decision to reinstate financial sanctions on Iran will not impact India’s oil imports from the Islamic Republic as long as European countries don’t follow suit, officials said today. India pays its third largest oil supplier in Euros using European banking channels and unless these are blocked, imports will continue, they said. […]

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