India Mulls Rupee Payment to Continue Purchasing Venezuelan Oil | WHAT REALLY HAPPENED


India Mulls Rupee Payment to Continue Purchasing Venezuelan Oil

India's Ministry of Petroleum and Natural Gas has advised private refiners Reliance Industries and Nayara Energy to avoid making payments for Venezuelan crude imports through channels that are likely to be impacted by US sanctions.

New Delhi (Sputnik): In a major indication that India is in no mood to buckle under US pressure, New Delhi has already started the process to make sure that purchases of crude oil from Venezuela would not be impacted in the absence of a sanction-proof payment system.

A government official told Sputnik that making payments in India's national currency is being considered, but that the proposal is at the initial stage.

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