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        PTI News

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

        October 15, 2025

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        Moscow, Oct 15 (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

        India payments for Russian oil now include yuan, though roubles remain predominant; percentage small and rupee use reported earlier. India has begun making some payments for Russian crude in the Chinese yuan, while payments in roubles remain the predominant settlement currency and the share of yuan-denominated transfers is currently small, supplementing earlier reports that India also used rupees for Russian oil.
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                                India payments for Russian oil now include yuan, though roubles remain predominant; percentage small and rupee use reported earlier.

                                India has begun making some payments for Russian crude in the Chinese yuan, while payments in roubles remain the predominant settlement currency and the share of yuan-denominated transfers is currently small, supplementing earlier reports that India also used rupees for Russian oil.


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