Russia has begun using cryptocurrencies in oil transactions with China and India to circumvent Western sanctions, Reuters reported on March 14, citing four sources familiar with the matter.

Tensions are escalating between the U.S. and India as the Trump administration imposes tariffs and tries to force India to stop buying Russian oil.

India's state oil refiners will continue to use annual contracts to secure oil supplies and hedge against market volatilities as the future of cheap Russian purchases is in doubt, the oil ministry ...

The EU's new sanctions on Russian oil could jeopardize India's $15 billion fuel exports. These sanctions target refined petroleum products made from Russian crude, potentially restricting access ...