India resumes Russian oil import
Mint Mumbai|February 17, 2024
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 Corporation Limited (HPCL) 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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