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The American Empire in a Changing World



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Wednesday, May 9, 2012

''Why India blew Hillary Clinton off about Iran''

From Juan Cole

''So as to avoid having to use the international banking system, which the US Departments of State and the Treasury are bullying into declining to handle Iranian oil sales, Iran will accept rupees for much of its oil exports, and then recycle them back into India to purchase imports. The two are talking about trade in “agro and allied products, pharmaceuticals, engineering, shipping, banking, petroleum products polymer, textile, as well as e-commerce.''

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