Foreign media: Indian companies pay Russia with RMB and Diram

According to Reuters on the 10th, Indian companies are using China's RMB and Diram in the UAE to replace the US dollar to purchase coal from Russia.

Since the outbreak of Russia and Ukraine's conflict, many western countries have launched a variety of sanctions on Russia. In order to avoid the use of various restrictions on the purchase of Russian commodities in the US dollar, India has begun to try trade procurement with Russia with non -Western currencies such as RMB.

On August 10, Reuters once again learned from a customs document that major companies in India are using multinational currencies including Renminbi and Diram, UAE to purchase a large number of industrial raw materials such as coal and oil from Russia. On June 29, Reuters had disclosed in a report that India ’s largest cement manufacturer Super Keke Group purchased coal from Russia for about 172 million yuan.

It is reported that Russia has become India's third largest coal supplier since July, of which India's steel and cement industry is the main force of purchasing energy from Russia.

Data showed that in trade orders paid without using US dollars, India's use of RMB transactions accounted for 31%of the total transaction amount, HK $ 28%, while the euro and the UAE Dram accounted for one quarter and six, respectively. One of them.

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