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Source: http://in.reuters.com/article/2011/04/05/idINIndia-56123920110405
Iran-India Oil Trade Halted in Germany
(Reuters) Brian Rohan - India has agreed to stop paying for its Iranian oil imports via Germany, a German official said on Tuesday, ending a trade conduit that had drawn strong disapproval from the U.S. and Israel. Earlier, Handelsblatt business daily said Chancellor Angela Merkel had instructed Germany's central bank, the Bundesbank, to stop clearing payments from India headed to the bank, known as EIH, which is under U.S. but not EU sanctions.