14 August 2011
Central Bank of Iran's deputy governor for currency affairs said India paid off two fifth of its total oil dept to Iran amounting to €4.7 billion.
Kamal Seyyed Ali however refused to comment on South Korean oil debt to Iran, ISNA reported.
Referring to sanctions imposed on the Central Bank of Iran he said, "Based on legal regulations, central banks are immune and sanctions cannot be imposed on them, but experiences have proved that western countries have violated law several times."
He hoped that sanctions would not be imposed on Iran and noted, 'due measures have been considered for the issue'.
The payment came despite sanctions against Iran which had blocked payments all the year.
Iran is reportedly India's second biggest oil supplier after Saudi Arabia and exports 12 million barrels of crude oil every month to India which accounts for about 12 percent of the fast-growing Asian giant's needs.
The UN Security Council has imposed 4 sets of sanctions against Iran over its refusal to halt peaceful nuclear plan. Sanctions mainly target Iran's banking and energy sectors.
Central Bank of Iran's deputy governor for currency affairs said India paid off two fifth of its total oil dept to Iran amounting to €4.7 billion.
Kamal Seyyed Ali however refused to comment on South Korean oil debt to Iran, ISNA reported.
Referring to sanctions imposed on the Central Bank of Iran he said, "Based on legal regulations, central banks are immune and sanctions cannot be imposed on them, but experiences have proved that western countries have violated law several times."
He hoped that sanctions would not be imposed on Iran and noted, 'due measures have been considered for the issue'.
The payment came despite sanctions against Iran which had blocked payments all the year.
Iran is reportedly India's second biggest oil supplier after Saudi Arabia and exports 12 million barrels of crude oil every month to India which accounts for about 12 percent of the fast-growing Asian giant's needs.
The UN Security Council has imposed 4 sets of sanctions against Iran over its refusal to halt peaceful nuclear plan. Sanctions mainly target Iran's banking and energy sectors.
© Iran Daily 2011
