Bank Of Baroda: ‘Bank of Baroda stops clearing payment for above-cap Russian oil’ – Times of India

[ad_1] NEW DELHI: India’s Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources with direct knowledge of the matter said, a move that could expedite transition to a rupee trade mechanism.Some Indian refiners were paying in the United Arab Emirates … Read more