An Iranian Oil Ministry source played down on Saturday a report that Indian oil buyers had started paying for their crude through a bank in Russia as a new way to get around sanctions-related difficulties in making international bank transfers. The semi-official Iranian Mehr news agency said on Friday that importers in India -- Iran's second biggest oil customer after China -- were paying off oil debts through Gazprombank . "There has been no word of this at all ... No name has been mentioned, not Gazprom nor any other particular bank. These news reports are not valid," said the ministry source.
Wednesday, November 2, 2011
Clenched With A Sanctions-Busting Scheme To Launder Indian Oil Money Thru Russia
Iran downplays report India paying for oil via Russia:
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