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India will used the ruppee to pay for the oil .I pray for Indias protection . We all know what it means when a country tries to use something other than US dollars for trade .
India has been walking a diplomatic tightrope as it seeks to drum up more exports orders from Iran while managing its growing relations with the United States and keeping ties on an even keel with Israel, a top arms supplier. Fuel-scarce India buys around $11 billion worth of oil from Iran a year -- its second-largest crude supplier after Saudi Arabia -- but sells Tehran just $2.7 billion in goods. The trade mission, headed by Indian Joint Commerce Secretary Arvind Mehta, came as the intensifying sanctions campaign dries up dollar and euro payment routes that India has been using to pay for Iranian oil imports. India and Iran have worked out a deal under which New Delhi will seek to pay for close to half of its Iranian oil imports in rupees.
sion of this same covering potency .
India says it will abide only by UN sanctions and will not implement others imposed unilaterally by the United States and European Union.
Originally posted by Anusuia
reply to post by Danbones
That was very witty and funny . Thanks for the laugh . Its all half true though . Just the parts about Indian companies knowing how to dodge taxes . Thats how they get to be the wealthiest billionaires . I bet theior American counterparts who are not as wealthy , hate that . And the importing of workers into the US . Here all our taxi drivers are now Indians !
And that dancing ! I bet it does make the grumpy American feel inadequate .
India will used the ruppee to pay for the oil .I pray for Indias protection . We all know what it means when a country tries to use something other than US dollars for trade .
Originally posted by starwarsisreal
Seriously while I know the US and India are being antsy toward each other in the end they will always be allies especially against Pakistan and China.