Bloomberg (gated) with the report. Reuters too had info on this, in brief: • The Indian government's discomfort over letting state-controlled refiners pay for Russian oil imports with Chinese currency has held up the payment for at least seven cargoes, people with direct knowledge of the matter said. • The tussle over payment has not disrupted deliveries so far, with Russian firms such as Rosneft continuing to supply state-controlled Indian refiners, who are seeking alternative ways for settlement. The background to this is that India has been the world's largest importer of Russian seaborne oil this year. Refiners ... (full story)

India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and another senior person at a state-owned oil refiner. The two people asked not to be identified as the discussions are private. Prime Minister Narendra Modi’s government won’t agree to those requests, according to the two people and two other Indian government officials. Almost 70% of India’s refiners are ... (full story)