Comment on Exclusive: Indian Essar's planned oil-for-steel deal tests Iran sanctions

Exclusive: Indian Essar's planned oil-for-steel deal tests Iran sanctions

NEW DELHI (Reuters) - Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steel exports to Tehran, in a novel attempt to work around Western financial sanctions against the OPEC member state.

 

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