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

Last updated: June 8, 2025, 20:08

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

India

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

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

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

TEHRAN

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

BRICS trade ministers' meet: India calls for dismantling

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

Indian refiners including the Indian

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

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

BRICS: India Unhappy About Ditching the US Dollar For Oil

The Indian government

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

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

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

BRICS: India Prefers the Dollar Over the Yuan!

Explained: Why Indian refiners are paying for Russian oil with