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India Does Not Face Payment Issues for Russian Oil: Oil Minister

OIL

India is currently buying around 1.5mbpd of crude oil from Russia and has not faced any issues related to payments, Oil Minister Hardeep Singh Puri said, after reports stated previously tankers could not deliver due to payment issues.

  • The amount of oil supplies from Russia is dependent on the price and has not been affected by any payment issues, the oil minister said.
  • Reports citing Kpler stated yesterday that India’s December imports from Russia declined after six tankers carrying Sokol grade oil could not deliver due to payment issues amid tightening sanctions.

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