India against yuan bill for Russian oil

India is resisting pressure from Russian oil suppliers to pay for crude imports in Chinese currency, as tensions between India and China continue. While Russia has a growing demand for yuan due to its reliance on China for imports, India mostly pays for Russian oil imports in dirhams, dollars, and a small amount of rupees. Indian refiners, which are mostly government-owned, would need to follow payment instructions from the finance ministry, and the government is unlikely to agree to using yuan as the main unit of transaction.