Westerners watching keenly for how India will align itself in international affairs found reason to cheer at the start of the year. On the eve of India's return, after 19 years, to the United Nations Security Council on January 1st, its central bank quietly announced that payments for Iranian oil imports could no longer be made through an Asian currency-clearing union. The move, which followed lobbying from America and Europe, lifts a veil on India's payments for Iranian oil.
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