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Indian state refiners resume yuan payments for Russian oil amid warming China ties: Report
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2 Articles
Indian state refiners resume yuan payments for Russian oil amid warming China ties: Report
Indian state-run refiners have resumed payments in Chinese yuan for Russian oil shipments, amid signs of improving diplomatic ties between New Delhi and Beijing, according to a report, citing trade sources
·Mumbai, India
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Traders who offer Russian oil have begun demanding that Indian state-owned refineries pay in yuan. One company has already paid in Chinese currency. This was reported by RBC-Ukraine with reference to Reuters. According to the agency's sources, Indian Oil Corp, a leading state-controlled oil company, recently paid in Chinese currency for two or three shipments of Russian oil. Western sanctions imposed on Russia after its invasion of Ukraine in 20…
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