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Despite Sanctions, India Manages To Import Iranian Oil

The Indian government was given a conditional and temporary waiver from the Washington to continue importing Iranian oil, if it commits to reducing these imports gradually. But India has difficulties meeting its domestic demand for oil as it imports 80% of its oil.Indeed, despite the country's plan's to reduce the amount of oil imported from Iran by 20%, the Indian government has also announced that it will carry out all payments in Indian rupees. This will help the Indian government avoid potential sanctions, which would target transactions in U.S. dollars, an approach used by India during previous sanctions against Iran and Iranian oil.While imports of Iranian oil by Asian countries such as China, Japan or South Korea, have hit a five-year low in October, Indian imports of Iranian oil fell by only 0.2 percent.......................

 

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In case you come across any suspicious activity, any suspicious movement or have any information to tell to the Anti-Terror Squad, please take a note of the new ALL INDIA TOLL-FREE Terror Help-line '1090'. Your city's Police or Anti-Terror squad will take action as quickly as possible. Remember that this single number 1090 is valid all over india. This is a toll free number and can be dialled from mobile phones also. Moreover, the identity of the caller will be kept a secret.

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Helpline 1090
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