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India reportedly plans to pay five Iranian banks for oil imports

India reportedly plans to use escrow accounts of five Iranian banks held with the state run UCO Bank to pay for oil imports from Iran.

Sanjay Sethi 
Press TV, New Delhi

India reportedly plans to use escrow accounts of five Iranian banks held with the state run UCO Bank to pay for oil imports from Iran. This comes after Iran agreed on rupee payments from India a few weeks ago. Press TV correspondent Sanjay Sethi reports.


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