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India abandons US dollar to purchase Iranian oil





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India abandons US dollar to purchase Iranian oil
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RT America
Published on Jan 24, 2012
Every year India spends $12 billion on purchasing oil from Iran, but now it is using gold instead of dollars. India might not be alone; China has suggested it would jump on board with India. New Delhi and Beijing account for 40 percent of the Iranian oil exports. Priya Sridhar gives us her report.
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News & Politics
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Surud Patel
The countries of the world not aligned to US & its allies should get out of trade in the $ and accept other basis of trade. The earlier the better as it will give them added advantage before the US imposes further regulations as it always does.
67
Surya
It is the best thing india had done
237
pspcraft
Gaddafi, and Saddam were probably killed because they were planning to drop the US dollar.
203
Julio Martinez
Finally someone got smarter ..all the nations should do that drop the petro dollar.and USA won't be as strong as they are right now come on China is your turn, Russia is next after China 
108
Suf777 8
Go India ... nice move
98
Gathwala JAT
probably the only sensible thing, our robot did during his tenure !!! 
123
Veronika Mars
be careful india, usa will try to turn pakistan against you
85
Arjun J
abandon US ??? WTF US always forgets the fact that India is not even its ally. then why we want to listen to them ? :p we have our own national interests. Go and tell your puppets.
76
sunil samanta
Great step by India.
48
deadbutmoving
So India, China, and Russia will not yield to Western pressure against the Iranians and will abandon the petrodollar if necessary. Sounds pretty scary for the dollar.
79
A Naked Eye Athiest
India will continue to buy Iranian oil PERIOD. India will buy it with gold instead of dollar PERIOD. If anyone has problems, they can teach US a lesson. Iran and India share more than 2000 years of cultural relationship which the countries/civilizations of not more than 1000 years cant understand.
39
INS Vikranth
That's the power of Asians.... 
87
S M
To all the Western politicians: This 21st century belongs to India & China, NOT the west. Politically, India is not scared of the west. India dont care the west anymore, as she used to back in the 90s.
30
Ajith Kp
Western and Americans must realize that Asian countries especially India & China are not liable to USA. And also India & China are not allies of USA. India is liable only to USSR (Russia) who helped India from Independence...
31
arikhana alffie
The India hasn't forgotten when America put a sanction aginst them, well it is a payback time indirectly so ACTION SPEAKS LOUDER THAN VOICE.
25
SURAJ SINGH
why should we sanction a country which has been an cultural and political ally since dawn of human civilization.!..we must support Iran as much as we can
19
Ahmar Azam
now asian forces will decide world order not US n its allies....!India is not UK!
21
Shrek Jo
We Indians Don't Ditch Old Friends And India and Iran's Friendship Is As Old As History ...!!
43
tmtwer234
IRAN is on the way to the new Super-Power in Middle East. USA are decadent state on the way to zero they will soon have their second VIETNAM
14

Achak Atsila Tacari
The US doesn't believe Iran is developing nuclear weapons. That is just their excuse to attack and seriously destabilize Iran for dumping/if they dump the dollar. It's the same as with Iraq & Libya
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