India Is Getting More Uncomfortable Buying Russian Oil With Chinese Yuan, Putting Payments In Limbo

India is getting more uncomfortable using China’s Yuan to buy Russian oil, sources told Reuters. At least seven oil shipments from Russia have not been paid by IndiaAlthough Russian firms are continuing to deliver crude supply, seven cargoes have yet to be paid for, as India’s state-owned refiners seek yuan alternatives, the report said.Part of the reason stems from increased costs that come with

October 17, 2023
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