India Refuses to Pay in Yuan for Russian Oil Due to Distrust of China

India refuses to pay Chinese yuan for Russian oil, prefers US dollar due to distrust of China.

India has delayed 5 oil shipments from Russia rather than pay in yuan.

India wants to pay in US dollar, rupee, or dirhams, not yuan to avoid boosting it over rupee.

India believes Russia and China are using BRICS to strengthen their currencies over rupee.

India wants to avoid using yuan as it would look weak before upcoming elections.