Indian Refiners Resume Buying Non-Sanctioned Russian Oil Amid Discounts

India's state-run refiners have purchased Russian crude for January delivery at a discount of around $5 per barrel to Dated Brent, according to people familiar with the matter. The total buying is unlikely to exceed a third of India's pace for this year, with payments made in UAE dirhams and US dollars. This purchase confirms a cautious return to Russian oil among some Indian refiners, though overall spot purchases remain limited due to changing sanctions and trade talks between Washington and New Delhi.