India’s Top Bank Shuns Russian Oil Payments Despite US Reprieve
State Bank of India is not willing to process payments for Russian oil even after the US government issued a temporary waiver for India’s imports, as the country’s largest lender...
By Siddhi Nayak, Saikat Das · Bloomberg Markets
State Bank of India is not willing to process payments for Russian oil even after the US government issued a temporary waiver for India’s imports, as the country’s largest lender is uncertain how long the concession will last, according to people familiar with the matter.