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Not considering buying Russian oil in rupees, minister informs Parliament

Shortpedia

Content Team
Image Credit: NewsBytes

India is not considering purchasing oil from Russia or any other country using Indian rupees at present, following Western sanctions imposed on Russia for its invasion of Ukraine, Rameshwar Teli, the junior oil minister, told Parliament on Monday. After sanctions on Russia's dollar-based trading, the focus is on Moscow's efforts to shift to other currencies, including the possible usage of Chinese yuan and rupee.