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Thursday, September 14, 2023

PSUs look to buy oil with $600 million stuck in Russia

Indian oil companies are considering using their $600 million dividend income from investments in Russia to purchase Russian oil, as they are unable to bring the money back to India due to western banking restrictions on Moscow. One option being explored is to loan the money to entities buying oil, with the aim of repaying the loan in India.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9bvlJuc

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