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yuan

A collection of 2 posts
india

India refiners pays Chinese yuan for Russian oil imports amid sanctions

Per Reuters Because of the sanctions around the US dollar, Moscow and other countries are looking for alternatives to the America's currency to settle payments. This has opened the door for the use of the Chinese yuan. Indian refiners are now paying for their Russian oil imports in
04 Jul 2023 1 min read
China

China completes the first LNG trade (worth 65,000 tonnes) settled in Yuan

Per Global Times China's state tabloid, the Global Times, has recently published a piece announcing the success of the first-ever LNG trade that was settled in Chinese yuan. The cross-border trade involved 65,000 tonnes of LNG sourced from the United Arab Emirates. For the transaction to take
29 Mar 2023 1 min read
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