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Weekly Roundup: India Backtracks on Iranian Sanctions, Cuomo Touts Regulatory Reform Initiatives, And More
printA week after the Indian government announced it was imposing sanctions against Iran consistent with United Nations and U.S. measures, India opened a "temporary channel for transactions," according to the Wall Street Journal. As a result of the apparent about-face, Indian oil companies and financial institutions were given the green light to conduct Iranian transactions through the European-Iranian Trade Bank (EIH), currently sanctioned in the U.S. What's more, the State Bank of India was allowed to open accounts at EIH to facilitate transactions between Indian oil companies and Iran. More New York State's Governor Andrew Cuomo unveiled plans on Wednesday...
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