India not to be able to buy Russian oil

16:18 - 22.02.2023

February 22, Fineko/abc.az. India's state-owned oil refinery Hindustan Petroleum cannot buy Russian oil because banks refuse to accept payments for fear of secondary sanctions.

ABC.AZ reports that credit organizations do not want to contact the state-owned company, believing that it is possible to violate the price cap of $60 per barrel.

Now Hindustan Petroleum is looking for a bank that will agree to make payments. It is possible that the calculations will switch to the local currency.