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.’

Exports of light sweet crude have surged with increased deliveries by rail, data shows Russian oil companies have boosted exports of ESPO (Eastern Siberia-Pacific Ocean) grade crude to China through the port of Kozmino, with deliveries hitting a record high this month, Kommersant reported this week citing tracking data.

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