The memorandum of understanding (MoU) was signed following the US letting India and seven other nations to keep buying Iranian oil despite sanctions were reimposed on the Islamic state on November 5. Sources said Indian refiners will make rupee payments in a UCO Bank account of the National Iranian Oil Co (NIOC).from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2L6BGdb
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