India, Iran about oil trade settlement of disputes continue to upgrade. The two countries insiders 29 statement says Iran oil ten-thousand-enterprise day refused to India has proposed a new settlement way, both parties central bank officials held a meeting, worked 31 seek dissolve scheme.

Media analysis, the reserve bank of India has abruptly announced last week, or because of interrupt settlement services pressure caused by the United States. If both parties cannot agree on a printed Iraq, may internecine.

Rejected proposals

The reserve bank of India announced last week that domestic enterprises and Iran’s trade would do not use Asian liquidation alliance mechanism implemented transaction settlement.

Asian liquidation league members include India, Bangladesh, the maldives, Burma, Iran, Pakistan, Sri Lanka, Nepal and Bhutan nine countries to the central bank. According to the alliance mechanism, union members will represent the respective countries enterprise implementation of bilateral trade settlement.

The reserve bank of India’s decision means, seal Iraq bilateral trade will bypass Asian liquidation alliance, seek new settlement mechanism. This will undoubtedly interferes with the two countries oil trade.

Two unnamed Indian oil personage that day, said Iran state oil company refused to Indian petroleum enterprise to put forward bypass Asian liquidation alliance implementation settlement proposal.

“Indian companies require designated an European bank Iran immediately implement trade settlement, but in Iran’s state oil company refused,” one of the personage inside course of study says.

An Iranian state oil company executives told media reporters, with the implementation of the settlement of Asian liquidation alliance, the company can accept practice has new settlement mechanism.

“The Indian how can not find new settlement mechanism in circumstances, unilateral decided to stop (and some Asian liquidation alliance mechanism),” the senior complained.

Beg cracked
The reserve bank of India, said Iran central bank put forward with the Indian reserve bank officials held a meeting, resolving the dispute.

An oil source said the meeting date set at December 31, locations selected in India commercial center mumbai. According to the source of statement, the Indian oil and gas department previously suggested, India reserve bank deposit still used for oil Asian liquidation alliance mechanism.

Indian federation of industry and commerce ??? than card deputy secretary changan Sherpa MaJieShao: “two countries central bank officials may consider to choose except outside the euro/dollar money as a currency.”

Analysts expect, reconciliation between the two parties, I’m afraid not easily. Asia alliance nine members of liquidation, India is the biggest buyers of Iran’s oil, the two countries each year in oil trade $1.2 billion or so. Once the negotiation fails, may internecine.

Indian media analysis, the Indian end suddenly settlement services, triggering trade disputes, may have been pressing the government to behind us.

The United States and other western countries long-term questioned hidden military purpose, Iran’s nuclear program as a cover for the peaceful use of nuclear energy secret to develop nuclear weapons. U.n. sanctions against Iran not ban countries buy the Iranian oil, but the United States urged governments and companies to stop enterprise of trade with Iran.

The Hindu newspaper editors xidaer special militello adr gentile says, “the dispute by American pressure caused by basic”, if India suspension of Iraq, from trade is Russia and other countries.

FengWei consulting analyst ??? pilates wen KuMaEr says Iran now faces many economic sanctions, in petroleum export ropey, once lost India customer “, the “big domestic economy will be even worse.

The Indian side also do not want with Iran “SiPoLian”. American troops evacuated Afghanistan after 2014, Iran is undoubtedly India maintenance zhongya stable Allies.

Moreover, India 13% of oil imports from Iran, interruption to Iraq oil trade will push up the domestic fuel prices.

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