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Thursday, August 11, 2011
Turkey helping Iran beat sanctions
Here's yet another reason why sanctions against Iran are not very effective: A state-owned Indian oil company has announced that it is paying its bills for Iranian oil via a state-owned bank in Turkey (Hat Tip: Joshua I). India's top state-run refiner, Indian Oil Corp Ltd, said on Wednesday it had begun paying its debt to Iran for oil imports and would clear an outstanding of 380 million euros
Labels:
India,
Iran sanctions regime,
Iranian oil,
Turkey
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