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India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million

 
Chrit
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10/04/2015 03:04 AM
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India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
Wonder if it will get paid. Wonder how mad big O really is for Russia and Iran taking out inserted assets.

Iran is raking in the cash lately.

Title; India to pay another $700 million to Iran on October 12




Snip;
Iran had in July reached an accord with the US and five other world powers to restrict its nuclear programme in exchange of easing of sanctions, which had crippled its oil economy.

The sanctions are expected to end in 2016 if Tehran complies with terms of the deal agreed on July 14.

As part of the deal, the US Treasury's Office of Foreign Assets Control (OFAC) had approved the banking mechanism for payment of USD 1.4 billion by Indian refiners in two equal installments to Tehra ..



[link to economictimes.indiatimes.com]

Last Edited by Chrit on 10/04/2015 03:08 AM
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Chrit  (OP)

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10/04/2015 03:46 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
bump
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Anonymous Coward
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10/04/2015 03:49 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
Funny how they are using oil against the country who benefits the most from it.
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10/04/2015 05:45 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
Huh,that's pocket change. We pay 700 mil to the Krouts 3 times a year.
Anonymous Coward
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10/04/2015 05:55 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
This money belongs to Iran anyway..

Their bank accounts were frozen when the sanctions were implemented years ago.

so what is the big deal here. they are getting their own money back.
golu1lol

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10/04/2015 06:03 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
though indians are poor, india is not a poor country.
Screw you guys, I'm going home!
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10/04/2015 06:09 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
As part of the deal, the US Treasury's Office of Foreign Assets Control (OFAC) had approved the banking mechanism for payment of USD 1.4 billion by Indian refiners in two equal installments to Tehra ..
 Quoting: Chrit


How nice of us. See we are generous.
Chrit  (OP)

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10/04/2015 06:40 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
This money belongs to Iran anyway..

Their bank accounts were frozen when the sanctions were implemented years ago.

so what is the big deal here. they are getting their own money back.
 Quoting: Anonymous Coward 69252831


For all the commotion on Iran being on the wrong side of this battle and all the arm waving in Washington, we do nothing with-in our power to stop them.

We have the ability to stop this all together. But we wont, they want Iran armed. The real issue with the sanctions is the lifting on weapons shipments in to the country. They are arming up and quick with the money handed to them.




Snip:
A committee of Iran's conservative-dominated parliament gave its support on Sunday to Iran's nuclear agreement with world powers on condition there would be no foreign inspections of military sites and no curbs on developing its missile programme.


Snip2; Iran's Supreme Leader Ayatollah Ali Khamenei said on Sept 3 he favoured a vote in parliament on the nuclear deal, but it will still go to him, as the country's highest authority with the ultimate say on all state policy, for approval.

Many see the chance of the leadership eventually rejecting the deal as small, since Tehran needs the removal of sanctions to revive its economy.

However, while the agreement is meant to last many years, there is a risk it could fall apart one day if Iran or its counterparties determine the terms have been breached.


[link to www.ghanaweb.com]
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Chrit  (OP)

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10/04/2015 06:44 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
The media is going along with it hand in hand.


We have options, we just choose not to exercise them.


Title:
US, allies short on options as Russia,Iran flex muscle in Syria

[link to www.dailymail.co.uk]
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I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Chrit  (OP)

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10/04/2015 07:12 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
For the record Iran's nominal GDP is only $400,000 billion a year. Making it 98-99th in the world out of 183 countries. or about $5,300 per person.

So the 150 billion dollar nuke deal is a lot of money for this country.
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
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10/04/2015 07:26 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
Debt is an illusion.

There is no real money being used in the world, which means that there can be no debt. Computer digits on a bank computer are not real money and paper is not real money.

Money is an illusion ever since the gold and silver were taken away.
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10/04/2015 07:36 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
This money belongs to Iran anyway..

Their bank accounts were frozen when the sanctions were implemented years ago.

so what is the big deal here. they are getting their own money back.
 Quoting: Anonymous Coward 69252831


shhh .... I'll tell you a little secret.
nobody in America cares

unless your a zionist
Anonymous Coward
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10/04/2015 08:21 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
Maybe India will default?
M1.618

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10/04/2015 09:09 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
though indians are poor, india is not a poor country.
 Quoting: golu1lol


Not all Indians are poor,

but in general terms India is a very poor country.

If it were not the populous would not have gross sanitation issues and other challenges that are typical in the developing world.
wmMmw
Chrit  (OP)

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10/04/2015 09:16 PM
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Re: India's second payment on what was a $6.5 billion dollars in oil debt to Iran will come due on the 12th of October 2015 $700,000million
Maybe India will default?
 Quoting: Anonymous Coward 56570480


No but I do wonder how or if it will effect their economy.

They have 2.3 trillion DGP nominal, but so populated only $1,800 per capita.
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.





GLP