Brics India Refiners Ditch Us Dollar Pay Chinese Yuan For Oil Trade

Last updated: June 9, 2025, 22:39

Brics India Refiners Ditch Us Dollar Pay Chinese Yuan For Oil Trade

Indian refiners have begun paying

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow

Indian refiners including the Indian Oil Corp (IOC) have started settling payments for oil with China using the Chinese Yuan. The oil was procured from Russia and

India’s unwillingness to pay the Chinese Yuan for Russian oil imports has held up payments for seven cargoes reported Reuters. However, the tussle over payments

Indian refiners including the Indian

Indian refiners including the Indian Oil Corp (IOC) have started settling payments for oil with China using the Chinese Yuan. The oil was procured from Russia and

India doesn't want its state refiners to pay for Russian oil in

Explained: Why Indian refiners are paying for Russian oil with

Indian oil refiners are turning

Russia, China, India Ditch US Dollar in 95% of Bilateral Trade: BRICS

BRICS: India Refiners Ditch USD, Pay Chinese Yuan For Oil Trade

Indian oil refiners are turning to the yuan for some purchases of Russian crude, sources told Reuters. The US dollar is typically used in international oil transactions. Russian

TEHRAN

BRICS: India Unhappy About Ditching the US Dollar For Oil

TEHRAN (Tasnim) – BRICS members Russia, China and India have reduced their use of the US dollar in their trade by 95% which shows a sign of BRICS' growing efforts

Indian oil refiners are using China's yuan instead of the US dollar

The Indian government

The Indian government's reluctance to permit state-controlled refiners to pay for Russian oil imports with Chinese currency has led to payment delays for at least seven

BRICS trade ministers' meet: India calls for dismantling

BRICS: India Prefers the Dollar Over the Yuan!