India, Iran agree to clear $6.4bn oil payments via European banks

India, Iran agree to clear $6.4bn oil payments via European banks
08 May 2016, New Delhi – The central banks of India and Iran have reached an arrangement to use European banks to process pending oil payments to Tehran, India’s Oil Minister Dharmendra Pradhan told Reuters, unlocking $6.4 billion in stalled funds. Buyers of Iranian oil were prevented from using global banking channels to clear their […] More »
India, Iran agree to clear $6.4bn oil payments via European banks India, Iran agree to clear $6.4bn oil payments via European banks Reviewed by Crude Oil Facilitators on 17:00 Rating: 5

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