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India Rupee Conversations for Russian Oil Ongoing

OIL

India and Russia are in ongoing negotiations about oil trade in rupees according to Secretary of the Ministry of Petroleum and Natural Gas of India Pankaj Jain at the ADIPEC oil and gas conference.

  • "This is a conversation we are still having. It’s not yet completed," Jain said.
  • Jain said that India and Russia use different currents when paying for oil supplies. Asked about using rupees he added that rupees had not been used so far in purchases of Russian oil.

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