Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about for how to pay for it amid shifting sanctions.
Indian refiners said to start paying in yuan for Russian oil thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
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 and its customers to find alternatives to the dollar for settling payments.
Indian refiners start paying in yuan for Russian oil – Indian Defence Research Wing idrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idrw.org Daily Mail and Mail on Sunday newspapers.
Shipping Tribune shippingtribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shippingtribune.com Daily Mail and Mail on Sunday newspapers.