guyhandz
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NEW DELHI: Ruling out any 'emergency or urgency' in getting back $6.5 billion oil import dues from India, Iran on Wednesday proposed that a part of this corpus can be invested in Indian projects there - assuaging concerns that an immediate payment outgo might hit India's forex reserves.
Hopeful that a "settlement" can be reached on how to clear these dues, Iran has also proposed delegation-level visits and discussions to iron out the issues in this regard.
The assurance by Iranian ambassador to India, Gholamreza Ansari, assumes significance as there were concerns that India might have to make immediate payments to clear these dues after lifting of the western sanctions on Iran. The dues have been pending largely because of curbs on the banking and payment channels connecting Iran.
Iran rules out any 'emergency' in getting oil dues worth $6.5 billion from India - The Times of India
A friend in need is a friend indeed!
Hopeful that a "settlement" can be reached on how to clear these dues, Iran has also proposed delegation-level visits and discussions to iron out the issues in this regard.
The assurance by Iranian ambassador to India, Gholamreza Ansari, assumes significance as there were concerns that India might have to make immediate payments to clear these dues after lifting of the western sanctions on Iran. The dues have been pending largely because of curbs on the banking and payment channels connecting Iran.
Iran rules out any 'emergency' in getting oil dues worth $6.5 billion from India - The Times of India
A friend in need is a friend indeed!