A number of Indian refineries have reportedly purchased Russian crude oil for RMB

Sources revealed that many refineries in India have begun to use RMB to purchase crude oil imported from Russia.

According to Reuters on Monday (July 3), three sources reported that Indian Petroleum is India's largest Russian crude oil buyer. This company became the first RMB in June this yearState -owned refineries who pay some Russian oil transactions; two of them said that at least two of the three private refineries in India are also using RMB to pay some Russian imported products.

Sources introduced that Indian Petroleum Corporation pays RMB China through the Indian Industrial Credit Investment Bank to settle the transaction with Rosneft with Rosneft.Since June, Indian Petroleum Corporation has settled other goods from Russia Petroleum Corporation in the same way.

At present, it is impossible to determine how many barrels of Russian crude oil have been purchased by the Indian refinery.But since June, Indian Petroleum Corporation has settled multiple batches of goods imported from Russia.

For a long time, the US dollar has been the world's major crude oil trading currency, but Russia has opened the war against Ukraine.The financial system has played an increasingly important role.

In addition to India, Pakistan Petroleum Minister Malik also confirmed last month that Pakistan's first batch of 100,000 tons of Russian discount crude oil also settled in RMB.

According to the shipping data compiled by Reuters, after Russia was sanctioned, most of the Indian refineries purchased Russian crude oil from Dubai's traders and oil companies in Russia, such as Russian oil tycoon Luke Petroleum Corporation and Russia's natural gas industry.Petroleum company.

In the settlement of these transactions, in addition to using RMB, sources said that the Indian refinery also settled some non -US dollars of non -US dollars of Russian oil payment with the UAE Diham.

A Indian government person said that the currency choice for the Indian refinery during settlement is usually the US dollar, but if the seller has special requirements or the bank is unwilling to use the US dollar to settle trade, the refinery sometimes sometimes changes with the US dollar.Will choose other currencies, such as Diram and Renminbi.