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The transition to national currencies in mutual settlements is speeding up, according to PM Mikhail Mishustin Russia and China are increasingly switching to their national currencies in trade, with nearly half of the two countries’ transactions carried out in rubles and yuan, Prime Minister Mikhail Mishustin has revealed.

Russia’s state-run oil giant Rosneft has reportedly sold a large shipment of crude to India as the South Asian nation keeps boosting energy imports from the sanctions-hit country. Indian Oil Corp (IOC), the country’s top refiner, purchased 700,000 tons of Russian Urals crude, two traders familiar with the matter told Reuters, adding that Rosneft had…