India started paying for Russian oil in Chinese currency, but percentage still small: Deputy PM

Russian President Vladimir Putin, second left, and Deputy Prime Minister Alexander Novak, left, listen to OPEC Secretary-General Haitham al-Ghais, second right, during their meeting on the sidelines of the St. Petersburg International Economic Forum in Konstantin Palace outside St. Petersburg, Russia, Friday, June 20, 2025. AP/PTI(AP06_21_2025_000036B)

Moscow, Oct 16 (PTI) India is mainly paying in roubles for Russian oil, but has started payments in the Chinese currency yuan, Russia’s Deputy Prime Minister Alexander Novak said on Wednesday.

“I am aware that such payments have started. I believe the percentage is small at present because payments are largely made in roubles,” Novak was quoted as saying by the state-run TASS news agency.

Russia is among the top suppliers of crude oil to India.

According to earlier reports, India was mainly making payments for Russian oil in Indian rupees. PTI VS ZH ZH

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