Indian Importers Of Russian Oil Brace For Banking Problems

Indian refiners buying Russian crude are preparing for problems with their bankers as the flagship Russian oil grade topped the G7-imposed price caps. In a report citing sources from three Indian refiners, Bloomberg wrote today that the companies were bracing up for more requirements from banks before they grant them the loans to buy the cargoes. Russia’s flagship crude grade, which has been trading consistently below the price cap set by the G7 and the European Union, climbed above $60 per barrel on Wednesday and remained there.…