India, US agree on terms of Iranian oil purchase

Baku. 1 November. REPORT.AZ/ The US has broadly agreed to grant India a waiver from Iran sanctions, which would allow Indian oil companies to continue to import about 1.25 million tonnes of Iranian oil a month till March, sources familiar with the matter said.

Report informs citing the Economic Times that India earlier decided to reduce imports from Iran by about a third.

According to the sources, an official announcement should be expected in the coming days.

On November 4, the United States plans to impose sanctions on the fuel and energy complex and transactions of the Iranian Central Bank. Earlier, Washington insisted that all countries should reduce oil imports from Iran to zero.However, today, US national security adviser to the president John Bolton said that a number of countries "will not immediately be able to cut purchases to zero," and the United States does not want to "harm the allies and friends."