December 23, 2024

Indian Refiners Pay Dollars For Russian Oil After Dirham Attempts Fail

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Indian Refiners Pay Dollars For Russian Oil After Dirham Attempts Fail

 

Indian companies are still buying Russian oil using dollars after Dubai’s Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier, according to three sources familiar with the matter.