RUSSIA SEEKING OIL PAYMENTS FROM INDIA IN DIRHAMS

  • 19/07/2022

Dubai: In an effort to shield itself from the effects of Western sanctions, Moscow is moving away from the US dollar and is now requesting payment in United Arab Emirates dirhams for oil supplies to some Indian customers, according to three sources and a document. 


The United States and its allies have imposed several sanctions on Russia as a result of its invasion of Ukraine in late February, which Moscow refers to as a "special military operation."

An invoice seen by Reuters shows the bill for supplying oil to one refiner is calculated in dollars while payment is requested in dirhams.

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