Asian Currency

Asian Currency

Currency clashes sour Russia’s oil trade with Asia

This content was partly produced in Russia where the law restricts coverage of Russian military operations in UkraineRussian banking source says "pointless" to receive rupeesRussia has more use for China's yuanAnalysts say more Indian exports to Russia could helpIncreased oil price cap scrutiny aggravates the problemMOSCOW/DELHI, Nov 27 (Reuters) - One of Russia's most lucrative oil trade routes since the imposition of Western sanctions over the Ukraine conflict faces a major challenge because of the drawbacks of payment in currency other than dollars, with no short-term solution in sight.For decades,...
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