Tuesday, January 24, 2012

Gold for Oil: India and Iran Ditch Dollar (English, Russian)

According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program.

There were reports that officials have been floating this idea for some time, and now, as the EU finally decided upon an oil embargo on Iran, more details became available, yet still pend confirmation.


Краткий перевод: По неподтверждённым данным, Индия платит за иранскую нефть золотом.

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