Indian banks wary of sanctions for buying Russian oil in excess of price cap ...News

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Indian banks wary of sanctions for buying Russian oil in excess of price cap
Some lenders said they would not handle payments exceeding the price limit imposed by the West Indian banks are concerned that they may not be able to process payments for Russian oil if they breach the price cap set by the EU and G7 countries, Millennium Post reports, citing oil industry sources. India, along with China, emerged as a key buyer of Russian crude after Western countries shunned supplies due to sanctions. New Delhi has been a top importer of Russian oil for six consecutive months, enjoying steep discounts offered by Moscow. However, this may change following OPEC+ production cuts, which have helped t

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