India’s Ingenious Way Around U.S. Oil Sanctions 

Indian Nyara Energy has been buying Venezuelan crude oil from Rosneft and paying in fuel instead of cash to avoid a breach of U.S. sanctions against Caracas, Reuters reports, citing three unnamed sources claiming familiarity with the matter. Nyara, which is an affiliate of Rosneft, delivered gasoil and gasoline to the Russian state giant, the sources also said. Barter payments have emerged as the way to avoid sanction penalties as the sanctions only focus on cash, it appears. That is why Rosneft has not yet been sanctioned despite its continued…