UCO News
India, Iran firm up oil payment mechanism
New Delhi, Feb 7 (IANS) Asserting that sanctions from the US can't harm its relations with India, Iran Tuesday said Indian companies will pay for 45 percent of their crude oil imports from Iran in rupees as part of a mechanism agreed between the two countries.
"A suitable mechanism has been found out. All the money not paid by India last year has been paid," Syed Mehdi Nabizadeh, Iran's ambassador
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