India’s State Run Refiners Start Paying For Russian Crude In Chinese Yuan Instead of US Dollars, Reports Reuters

According to this Reuters report, trading houses supplying Russian crude oil have started requesting Indian state-owned refiners to settle payments in Chinese yuan. The shift reflects traders’ efforts to simplify the transaction process with Indian buyers amid signs of a gradual thaw in India–China relations, according to industry sources.India’s largest state refiner, Indian Oil Corporation (IOC
According to this Reuters report, trading houses supplying Russian crude oil have started requesting Indian state-owned refiners to settle payments in Chinese yuan. The shift reflects traders’ efforts to simplify the transaction process with Indian buyers amid signs of a gradual thaw in India–China relations, according to industry sources.India’s largest state refiner, Indian Oil Corporation (IOC
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