News > Indian companies are still buying Russian oil using dollars
Indian companies are still buying Russian oil using dollars
Latesttalks | 29/09/2022 03:36 PM | Click to read full article
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.
An invoice from one of the refiners seen by Reuters showed oil payments were calculated in dollars while the payment was requested in dirhams.