Bloomberg has learned about India's new mechanism for the purchase of oil from Russia

India has developed a special mechanism to continue purchasing Russian oil, despite the tightening of US sanctions. The country's banks are ready to consider financing such transactions, provided they work with non-sanctioned sellers. This was reported on November 25 by Bloomberg, citing sources.

"Banks in India are now ready to consider the possibility of financing trade in Russian oil if the volumes come from sellers not included in the blacklist, and the transactions comply with sanctions," the publication says.

The new approach involves making payments in UAE dirhams and Chinese yuan, as well as strengthening supply chain checks. Indian creditors are carefully analyzing the origin of the oil and the history of the tankers used, including their involvement in operations with sanctioned organizations, the agency writes.

Experts note that enhanced checks may slow down the process of concluding transactions, but will allow to preserve a significant part of the trade flow between Russia and India.

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Trump is trying to force New Delhi to abandon Russian oil

On November 20, Russian Ambassador to India Denis Alipov said that Russia remains India's largest oil supplier and is ready to continue offering the country favorable trade conditions. He also stressed that the Russian Federation is interested in mutual investments in the oil and gas sector: in particular, Rosneft is engaged in diversifying its activities in the Indian sector and is participating in the implementation of the development program for the Vadinar refinery, which belongs to Nayara Energy.

All important news is on the Izvestia channel in the MAX messenger.