India pushes back against Russia demands to pay for oil in Yuan ...Middle East

The Times of India - News
India pushes back against Russia demands to pay for oil in Yuan
India is resisting pressure from Russian oil suppliers to pay for crude imports in Chinese yuan, amidst simmering tensions between New Delhi and Beijing. The Indian government, led by Prime Minister Narendra Modi, is not willing to agree to this request. Currently, Indian refiners mostly pay for Russian oil imports in dirhams, US dollars, and a small amount of rupees, if oil prices are above the $60 a barrel cap imposed by the US and its allies on Russian oil.

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