India pays for Russian oil in hard currency – envoy ...News

Indian Ambassador to Russia Pavan Kapoor says New Delhi has not paid for Russian oil in rupees in the past 18 months India has been paying for oil from Russia in hard currency, Pavan Kapoor, India’s ambassador to Russia, told RIA Novosti on the sidelines of the Eastern Economic Forum in Vladivostok on Tuesday. The statement comes amid concerns over the imbalance in bilateral trade between the two countries, leading to the accumulation of billions of rupees that Russia has earned from its exports to India. “Over the past 18 months, we haven’t purchased Russian oil in rupees; it has always been in hard currencies. I

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