Indian Refiners Use Dirhams for Payments of Russian Oil: Report.

Indian oil refineries are now using the United Arab Emirates dirhams to pay for the majority of their oil from Russia, which is purchased through Dubai-based traders, according to four sources familiar with the situation.

Indian refiners and traders are worried that they may not be able to keep using dollars to settle trades.

Indian refiners are purchasing Russian oil with delivery included to minimize any shipping risks.