Modi govt plans to resume oil imports from Iran, skirt US sanctions

The Print – New govt plans to hold talks with Iran at the earliest to discuss ways to resume oil imports and is even looking to pay in Indian currency.

Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the Middle Eastern country and is looking at ways to make payments in Indian rupee to get around US sanctions, two government sources told ThePrint.

The Modi government, which is returning with a bigger mandate in the Lok Sabha elections, will immediately initiate talks with Iran to discuss steps that will allow it to resume oil imports, said the sources.