![India ditches US dollar in Russia trade – Reuters India ditches US dollar in Russia trade – Reuters](https://exceptionalinsights.group/wp-content/uploads/2022/03/logo_200x200-2.png)
New Delhi turns to Chinese yuan and Emirati dirham to pay for coal from sanction-hit country India’s imports of Russian coal increased dramatically in July with the South Asian nation switching to non-dollar payments to secure deals, Reuters reports. Moscow is trying to avoid dollar transactions amid US sanctions, describing the currency as ‘toxic.’
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