Iran’s foreign minister said during a visit to India today that cooperation with the European Union to circumvent US sanctions is moving slower than expected. “We continue to work with the Europeans for the special purpose vehicle, but we are not waiting for them,” Mohammad Javad Zarif told reporters. “We are working with our traditional partners like India, like China, like Russia so that we continue to work in the interest of our people." Zarif hopes to drum up business with India and work out a mechanism to conduct trade without using the US dollar even as New Delhi has received a sanctions waiver from Washington to continue importing Iranian oil. Read More
Iran turns to India to bypass US sanctions
Iran’s foreign minister said during a visit to India today that cooperation with the European Union to circumvent US sanctions is moving slower than expected. “We continue to work with the Europeans for the special purpose vehicle, but we are not waiting for them,” Mohammad Javad Zarif told reporters. “We are working with our traditional partners like India, like China, like Russia so that we continue to work in the interest of our people." Zarif hopes to drum up business with India and work out a mechanism to conduct trade without using the US dollar even as New Delhi has received a sanctions waiver from Washington to continue importing Iranian oil. Read More
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