The South Asian nation has been seeking dollar alternatives for its energy imports in the wake of Western sanctions Indian refiners have started using Chinese yuan instead of US dollars to pay for some oil imports from Russia, Reuters reported on Monday, citing people with direct knowledge of the matter. According to the sources, India’s biggest buyer of Russian crude, Indian Oil Corp, became the first state refiner to pay for some Russian purchases in yuan last month. At least two of India’s three private refiners are also paying for some Russian imports in yuan, two other sources claimed. “Some refiners are payi
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