Indian companies swapping dollar for Asian currencies to buy Russian coal3 min read . Updated: 10 Aug 2022, 03:42 PM IST
Companies dealing in Russian coal imports are swapping dollar for Asian currencies so as to avoid western sanctions against Russia
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar and cutting the risk of breaching Western sanctions against Moscow.
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