{"id":493580,"date":"2022-05-26T09:07:53","date_gmt":"2022-05-26T03:37:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=493580"},"modified":"2022-05-26T09:53:38","modified_gmt":"2022-05-26T04:23:38","slug":"govt-exploring-rupee-rouble-payment-for-fuel-import-amid-sanction-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-exploring-rupee-rouble-payment-for-fuel-import-amid-sanction-report\/","title":{"rendered":"Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report"},"content":{"rendered":"<p>The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow&#8217;s attack on Ukraine.<\/p>\n<p>With sanctions imposed on Russia, the scope of a payment mechanism in local currencies has expanded from being a means to sustain ongoing trade to possibilities of deeper engagement, including increasing bilateral trade.<\/p>\n<p>&#8220;We have heard rouble payment being done by Europe. India had a rupee-rouble payment structure earlier. I don&#8217;t think we have arrived at any decision as yet. Some discussions are happening,&#8221; sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow&#8217;s attack on Ukraine. With sanctions imposed on Russia, the scope of a payment mechanism in local currencies has expanded from being a means to sustain ongoing trade to possibilities of deeper engagement, including increasing bilateral trade. &#8220;We have heard rouble payment being done by Europe. India had a rupee-rouble payment structure earlier. I don&#8217;t think we have arrived at any decision as yet. Some discussions are happening,&#8221; sources said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-493580","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=493580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=493580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=493580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=493580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}