Menu

Indian refineries start yuan payments for Russian oil

4.7.2023 Audio   Print

Western sanctions over Russia's invasion to Ukraine have changed global trade flows for the Russian top export product. India has become one of the biggest importers of Russian oil. For a long time, the U.S. dollar has been the main global oil currency, but Indian refineries have recently begun paying for some oil imported from Russia in Chinese yuan.

Illustration

Do you want to read the whole article?
Get a subscription for free or from CZK 58 per month

For companies, the subscription costs from CZK 1,490 per year plus VAT. For private persons and self-employed persons for CZK 690 per year, including VAT.

Attention: Special Offer, by the end of the year use the offer for 30 days for CZK 149. However, you can also get the subscription for free.

Don't know how to proceed? See the complete subscription terms or contact us.

Order the subscription
I already have the subscription