When the Dollar Falters: Energy Turns Eastwa

Oil traders managing Russian exports have begun requesting payments in Chinese yuan from Indian state refiners, according to industry insiders.

The shift follows tighter U.S. sanctions and rising barriers to dollar-based settlements. By using yuan, traders avoid intermediary banks under Western scrutiny. Analysts say this adjustment illustrates the growing financial realignment among energy exporters seeking alternatives to the U.S. dollar.

For India, the move remains compliant with domestic rules — yet symbolically marks another step toward a multipolar trade order.

AI Image Disclaimer Illustrations were produced with AI and serve as conceptual depictions.

Sources Reuters, Bloomberg, CNBC, Nikkei Asia