Russia’s Deputy Prime Minister Alexander Novak attends a session of the Russian Energy Week international forum in Moscow, Russia, October 15, 2025.
| Photo Credit:
REUTERS/Ramil Sitdikov
India is mainly paying in roubles for Russian oil, but has started payments in the Chinese currency yuan, Russia’s Deputy Prime Minister Alexander Novak said on Wednesday.
“I am aware that such payments have started. I believe the percentage is small at present because payments are largely made in roubles,” Novak was quoted as saying by the state-run TASS news agency.
Russia is among the top suppliers of crude oil to India.
According to earlier reports, India was mainly making payments for Russian oil in Indian rupees.
Published on October 16, 2025
