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https://www.reuters.com/world/india/exclusive-indian-companies-swapping-dollar-asian-currencies-buy-russian-coal-2022-08-10/
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EXCLUSIVE Indian companies swapping dollar for Asian currencies to buy Russian coal - Reuters India
8/10/22 at 11:29pm
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Reuters
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Business & Industrial
Currencies & Foreign Exchange
Asian
India
currencies
Russia
coal imports
customs documents
Reuters
industry sources
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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