Indian Refiners Settle Iran Oil Deals In Yuan? Centre Says 'Nothing Wrong'
Saturday, 18 April 2026Admin
The payments for Iranian oil deals are being settled by the ICICI Bank, which is routing funds in Chinese Yuan to settler accounts, Reuters reported.
New Delhi 18 April 2026
As per news report of NDTV,Indian refiners are making payments using Chinese yuan for the limited cargoes of Iranian oil they are buying under the temporary US sanctions waver, according to a report by Reuters. The transactions are being routed through ICICI Bank, the report added. Reacting to this, the government has said that such transactions are entirely within the rules.
Source - NDTV
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