Indian Banks Consider Financing Non-Sanctioned Russian Oil Trade

futures-markets,commodity-futures,greener-living,commodities-markets,energy-industry,emerging-markets,brics,government,crude-oil,megacity

Siddhi Nayak

Yongchang Chin

Rakesh Sharma

Saikat Das

BLOOMBERG INDIA PORTRAIT

Top News: India

Top News: Russia

US Army Secretary Meets Russian Officials in Abu Dhabi: CBS

Top News: Shipping

Understanding the Latest US Sanctions on Russian Oil: QuickTake

Company Overview

Russian Oil Offered to India at Deep Discount After US Sanctions

India

Ukraine

Moscow

Economic Sanctions

Asia

United Arab Emirates

Russia

Cargo

Markets

Finance

Energy

Greener Living

Politics

Government

Europe

Middle East

Economics

Emerging Markets

Commodities Markets

BRICS

Energy Industry

Megacity

Futures Markets

China

crude-oil

Currency

Commodity Futures

Banks in India are now willing to consider financing trade in Russian oil if volumes come from non-blacklisted sellers and transactions are sanctions-compliant.

Russian oil production.

Banks in India are now willing to consider financing trade in Russian oil if volumes come from non-blacklisted sellers and transactions are sanctions-compliant, according to people familiar with the matter.

Bank in Indian Consider Financing Non-Sanctioned Russian Oil Trade

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.