(MENAFN) An oil official announced that the Central Bank of Iran (CBI) would only receive euro payments from Indian refineries, and this is a decision the Iranian authorities has just made.
A top official stressed that according to its policies, CBI has decided to halt the sale of the Republic's oil to India in rupee and henceforth the payments will be made only in euro.
Moreover, it's worth mentioning that oil sales to Indian refineries have approximately increased by 20 percent in the post-JCPOA period as compared with the trade in the sanction years.
Furthermore, Indian Minister of State for Petroleum and Natural Gas pointed to Iran's refusal to undertake shipping costs inviting Indian refiners to take proper measures for importing Iranian crude.
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