What Lifting Sanctions on Iran Means for India

January 18, 2016 12:46 PM

22 0

The deal will likely nudge up crude oil supplies from Tehran but have an adverse impact on India’s farm commodities, experts and industry officials say, as Iran now has a wider market in which to shop.

India adopted a rupee-based payment mechanism with Iran to skirt Western sanctions that prohibited purchases from Iran made in dollars.

Also read: Iran's president condemns 'siege' of Qatar by Arab nations

Read more

To category page

Loading...