Sanctions working? Iran defaults on payments to India

08.02.2012                      15.Schwat. 5772                      Tu BiSchwat

Iran-Sanktionen:

Sanctions working? Iran defaults on payments to India

Default prompts head of the All India Rice Exporters' Association to call on members to stop rice exports to Iran based on credit.

Iranian buyers have defaulted on payments for about 200,000 tons of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.
The default prompted the head of the All India Rice Exporters' Association to call on members to stop rice exports to Iran based on credit, which would be a fresh blow to a country where imports of staple foods are already being hampered by sanctions….