{"id":557521,"date":"2023-02-22T12:14:20","date_gmt":"2023-02-22T06:44:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557521"},"modified":"2023-02-22T12:15:17","modified_gmt":"2023-02-22T06:45:17","slug":"indias-hpcl-faces-challenges-paying-for-russian-oil-as-banks-baulk-co-source","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-hpcl-faces-challenges-paying-for-russian-oil-as-banks-baulk-co-source\/","title":{"rendered":"India&#8217;s HPCL faces challenges paying for Russian oil as banks baulk &#8211; co source"},"content":{"rendered":"<p>India&#8217;s state-run Hindustan Petroleum Corp is facing difficulties in paying for Russian oil imports following a Dec. 5 price cap imposed by Western nations as banks shy away from processing payments, a company official said on Tuesday.<\/p>\n<p>While Western sanctions against Moscow are not recognised by India &#8211; and purchases of Russian oil may not violate them &#8211; banks and financial institutions are cautious about clearing payments so as not to unwittingly fall foul of the measures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s state-run Hindustan Petroleum Corp is facing difficulties in paying for Russian oil imports following a Dec. 5 price cap imposed by Western nations as banks shy away from processing payments, a company official said on Tuesday. While Western sanctions against Moscow are not recognised by India &#8211; and purchases of Russian oil may not violate them &#8211; banks and financial institutions are cautious about clearing payments so as not to unwittingly fall foul of the measures.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-557521","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557521","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=557521"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557521\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}