Foreign media: Indian Russian coal transactions abandon the US dollar settlement and use other currencies

According to Reuters quoted Indian customs documents on the 10th, Indian buyers abandoned the use of US dollars when purchasing Russian fuel to reduce the risk of violating Western sanctions on Russia.

It is reported that Indian buyers purchased 1.7 million tons of Russian coal in June. Local steel and cement producers paid nearly half of the transaction for the transaction for nearly half of the transaction.Indian customs data also shows that non -US dollar settlement is becoming commonplace.Indian traders said that with banks and other parties to explore buffer measures, Russian coal has increased in African and US dollar in transactions.

According to Xinhua News Agency earlier, Russian President of Russia, Duma, said that due to the guarantee of the US dollar without actual goods and resources, the world has begun to go to the US dollar.He said that the US dollar printing machine is not subject to any constraints, and the US dollar is used by the US government as a tool for political struggle.

Edit: Xing Zhibin

Source: Overseas Network

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