India’s state refiners are speeding up payments for Russian crude to avoid the impending US sanctions, completing transactions in just 2 days instead of 5. Payments are being settled in rubles as Indian banks have stopped dollar payments. What do you think about this strategy by India’s refiners?
- A necessary move to secure discounted oil before sanctions hit
- A risky approach given the potential geopolitical consequences
- A smart financial decision to adapt to changing global trade dynamics
- Not sure, let’s wait and watch how this unfolds
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