Allegedly to avoid secondary sanctions.
It so happened that India, pursuing the most peaceful and beneficial economic and political course for itself, is trying to maintain warm relations both with the collective West and with other countries, including Russia. Therefore, one should not be surprised that India, which is formally a member of the BRICS, does not always make decisions that it makes sense to expect from a member of this economic association. In particular, Reuters reported today that India has switched to UAE dirhams in payment for Russian oil supplies.
According to Reuters, India is doing this to reduce the risk of falling under secondary sanctions and, in general, worsening relations with Western countries. As one of the two main buyers of Russian oil, India’s actions are understandable. As well as you need to understand the fact that sitting on two chairs for a long time will not work, and sooner or later you will have to choose.
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It is also important to understand that Russia is now heavily dependent on the Indian market, and therefore is not in a position in which it can impose this or that currency on the buyer. In which the buyer is ready to pay – in that one is already wonderful. The most important thing here is that transactions are not carried out in US dollars, which completely suits Russia as the main initiator of de-dollarization in the world.