Posted 10/16/2023, 2:01:46 PM
Cracks Emerge in BRICS as India Balks at Paying Yuan for Russian Oil
- Cracks emerging in BRICS as India unhappy about paying Yuan for Russian oil
- India's unwillingness to pay Yuan has held up payments for 7 oil cargoes from Russia
- India uncomfortable using Yuan amid BRICS push to end reliance on US dollar
- India was top buyer of discounted Russian oil but now facing problems settling oil payments
- Unclear if India instructed state-run refiners to stop paying in Yuan for Russian oil