Industrialized Cyclist Notepad


US allies seek to continue importing Iran oil
January 8, 2012, 06:14
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India is exploring all options to find a way out to make oil payments to Iran as there are chances that Turkey, through which it is making payment, may come under pressure after a fresh round of U.S. sanctions imposed on Iran.

India currently pays Iran about $1 billion every month through Turkey for the 370,000 barrels a day of crude oil it buys from the world’s fourth-largest oil producer.

According to sources, India is holding talks with Russia for routing payments to Iran. Discussions with United States are also going on for a possible relaxation or waiver in the sanctions.

via India exploring ways of making oil payments to Iran | Calcutta News.Net

Iran sanctions lead U.S. allies in Asia to seek special arrangements in order to continue, perhaps increase, imports from Iran. This is an interesting way for the US to increase leverage against any country that imports a lot of oil from Iran, including China. Anything about these workarounds in the US press?