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India, Iran agree to clear $6.4 bln oil arrears via European banks

NEW DELHI: The central banks of India and Iran have reached an arrangement to use European banks to process pending oil payments to Tehran, India's Oil Minister Dharmendra Pradhan told Reuters, unlocking $6.4 billion in stalled funds.

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All Stories: oil arrears

India, Iran agree to clear $6.4 bln oil arrears via European banks

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