Post
Topic
Board Economics
Re: Pay in rubles or have your gas shut off by April
by
Vaskiy
on 01/04/2022, 22:50:49 UTC
Russia offer its flagship Urals grade to India at discounts of as much as $35 a barrel. Russia has given access for rupee-ruble-denominated payments using Russia’s messaging system SPFS. The direct purchase is expected to involve Russia’s Rosneft PJSC and the Asian nation’s biggest processor Indian Oil Corporation.

India's decision to bypass the SWIFT system for buying Russian oil have been criticised by the U.S. Australia, Japan and U.K. It looks like India never think of the pressure from these countries. This way India and Russia seems to be highly beneficial out of the sanctions.