Skip to main content

Rupee channel could help Russian oil flow

Indian imports from Russia have quadrupled since the outbreak of war in Ukraine, reflecting both higher energy prices and a surge in volumes. So long as Russia’s energy sector is not specifically subject to Western sanctions, it is likely that India will remain a willing buyer, with the new rupee settlement mechanism potentially aiding trade between the two countries.

Become a member to read more

This is premium content that requires an active Capital Economics subscription to view.

Already a member?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access