The Zambian Observer
India pays for Iranian oil in yuan workaround emerges under U.S. sanctions waiver Indian refiners, including Indian Oil Corporation and Reliance Industries, are reportedly using Chinese yuan to pay for Iranian oil under a temporary U.S. sanctions waiver. Transactions are being routed through ICICI Bank in Mumbai, with funds transferred to Shanghai accounts before reaching […] The post India pays for Iranian oil in yuan workaround emerges under U.S. sanctions waiver first appeared on The Zambian Observer .
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