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Nairaland Forum / Nairaland / General / Business / BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! (446 Views)
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BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by Tetrahedron(m): 4:31pm On Oct 28, 2023 |
BRICS: India Refuses To Pay Chinese Yuan for Oil, Prefers US Dollar Cracks are developing between the top three BRICS members India, China, and Russia over payment options for Russian crude oil. Leading oil refiners in Russia are demanding developing countries pay in the Chinese Yuan or the Russian Ruble only. While India recently paid the Chinese Yuan to procure oil from Russia, the country is now refusing to put the Yuan ahead of the US dollar. BRICS member India is uncomfortable with paying the Chinese Yuan for oil and prefers to settle trade either in the US dollar or the Rupee. From news source: https://watcher.guru/news/brics-india-refuses-to-pay-chinese-yuan-oil-prefers-us-dollar
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Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by Iagos: 4:34pm On Oct 28, 2023 |
2 Likes |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by slivertongue: 4:35pm On Oct 28, 2023 |
dollarization of the global economy is real. 1 Like |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by ican2020: 4:37pm On Oct 28, 2023 |
Wao they are returning back to reality The cockroache eaters and wicked Putin thinks they can just brainwash everyone to follow them Besides China that’s in conflicts with his neighbour’s want his neighbours to transact business in their own currency what a big joke 2 Likes |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by Chimarto: 4:38pm On Oct 28, 2023 |
Russia and China want to disrupt the global economy 1 Like |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by richeeyo(m): 4:40pm On Oct 28, 2023 |
Those BRICS go get issues America still dey busy small Na that south Africa go suffer am pass 2 Likes |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by CoronaVirusPro: 4:44pm On Oct 28, 2023 |
BRICS is an illusion! You can never wage a war against the USD! The last time a war was waged against the USD, it waxed stronger. 1 Like |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by NothingDoMe: 4:46pm On Oct 28, 2023 |
ican2020:😄😄😄😄 1 Like |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by NothingDoMe: 4:46pm On Oct 28, 2023 |
No, they should continue playing politics of bitterness. 1 Like |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by Tetrahedron(m): 4:49pm On Oct 28, 2023 |
India will not sit down and watch China take the glory! Lai lai e no go happen 1 Like |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by AfroBeatDiary: 5:10pm On Oct 28, 2023 |
India is a clown, walai😁 |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by AchrafHakimi: 6:27pm On Oct 28, 2023 |
Each country should pay in the seller's currency. If you don't want to, go and produce it yourself. If this is practiced, all these rubbish Dollar and Pounds exchange rates will stop. |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by talk2hb1(m): 7:28am On Oct 29, 2023 |
NothingDoMe:Do you even understand what this is all about? |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by ivolt: 7:31am On Oct 29, 2023 |
BRICS will be killed by selfishness. India prefers to pay in Rupees, China prefers Yuan Russia prefers Ruble. While the other weaker members are just spectators. 1 Like |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by webcrafty: 7:53am On Oct 29, 2023 |
Challenging the dominance of the USD takes more than this BRICS
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Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by NothingDoMe: 8:27am On Oct 29, 2023 |
talk2hb1:Explain. Since it isn't obvious that the BRICS is an association of US haters. |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by talk2hb1(m): 10:31am On Oct 29, 2023 |
NothingDoMe:I think I understand your stands now, nothing further to discuss. |
Re: BRICS: India Refuses To Pay Chinese Yuan For Oil, Prefers US Dollar! by Watcharena: 10:44am On Oct 29, 2023 |
What they're meant to do is that the buyer will pay in the seller's currency |
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