Top Indian refiners are using the UAE's currency instead of the US dollar to buy Russian crude, report says

• Top Indian refiners are moving away from the US dollar in favor of the UAE's dirham, sources told Bloomberg. 
• Reliance Industries, Bharat Petroleum Corp, and Nayara Energy are shifting currencies to buy Russian crude oil. 
• "If you are asking me officially am I in the know of these payment channels, no, I'm not," India's oil minister told Bloomberg.

Large Indian refiners are shifting away from the US dollar in order to purchase Russian crude, sources told Bloomberg.