Brics India Refiners Ditch Us Dollar Pay Chinese Yuan For Oil Trade
Last updated: June 8, 2025, 20:08
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