Tehran, Sept 10, IRNA – Iranian Ambassador to India Ali Chegeni describedIndia as a friend and a good neighbor for Iran and expressed hope forcontinuation of trade ties through two Indian banks.
According to Indian newspaper ‘The Print’, speaking to reporters on thesidelines of an event organized by the Indian Association of ForeignAffairs Correspondents (IAFAC), Chegeni said New Delhi and Tehran canconduct trade through IDBI and UCO Bank.
“India is a good friend. We are neighbours. Our history is deep-rooted,” headded.
“I’m hopeful India will begin (purchasing oil from Iran),” he noted.
“India understands that these are unilateral sanctions by America and notby the UN,” he reiterated.
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Iran may have to look at other markets to source items such as rice due toa paucity of money, Iranian envoy was quoted as saying.
Chegeni went on to say that India understands the fact that unilateralsanctions were imposed by the US and the UN plays no role in implementationof these sanctions.
He said two-way trade between the countries reached almost $13 billion in2019, but the pace slowed down as India brought its oil imports to zeroowing to the threat of sanctions by the Donald Trump administration.
