India resumes Russian oil imports after 2-mth break
Hindustan Times|February 17, 2024
Refiners had to stop last year after govt advised against using yuan to pay for it
India resumes Russian oil imports after 2-mth break

India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February, four trade sources said and ship tracking data showed.

India's Hindustan Petroleum Corp has bought Sokol oil from a trader, the sources said. HPCL is likely to pay for the oil in UAE dirhams, three of them added.

Indian state refiners had to stop buying the grade last year after the government advised them against using Chinese yuan to pay for Russian oil amid strained relations between New Delhi and Beijing.

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