mo4ch:>Iranian bank cleared to start operations in India – minister | Mo4ch News

The Indian government has granted permission to an Iranian bank to open a branch in the country. The move comes as Iranian and European leaders struggle to find a way to continue trading in the face of US sanctions.“The Indian government has given permission for an Iranian bank to open a branch in India in three months,” Minister of Transport and Shipping Nitin Gadkari told reporters on Tuesday. One day previously, Gadkari announced that the Indian government will begin operating part of the Iranian port of Chabahar, strengthening trade links between the two countries.Also on rt.comUS agrees to grant India waiver from Iran sanctions… for the time beingWhile Iran’s shipping, oil and banking sectors were targeted by US sanctions – fully reapplied in November, five months after the US unilaterally pulled out of the Joint Comprehensive Plan of Action (JCPOA), or Iran Deal – India was granted an exemption from the sanctions by the US State Department, on the condition that it works to less…