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Indian companies swapping dollar for Asian currencies to buy Russian coal | Hellenic Shipping News Worldwide

Indian companies swapping dollar for Asian currencies to buy Russian coal | Hellenic Shipping News Worldwide
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Indian companies swapping dollar for Asian currencies to buy Russian coal

NEW DELHI, Aug 11 ― Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the.

Indian companies swap dollars for Asian currencies to buy Russian coal

India has aggressively stepped up purchases of Russian oil and coal since the war in Ukraine began, helping to cushion Moscow from the effects of sanctions and allowing New Delhi to secure raw materials at discounts compared to supplies from other countries.

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