India's government is getting more uncomfortable buying Russian oil with Chinese yuan, putting payments in limbo

• India's government is getting more uncomfortable using China's yuan to buy Russian oil, sources told Reuters.
• At least seven oil shipments from Russia have not been paid by India.
• Settling trade in yuan is more costly, as Indian refiners must first convert their rupees into Hong Kong dollars, and then yuan.

India's government has signaled more unease about using the Chinese yuan for Russian oil imports, causing payments to be postponed on a number of crude deliveries, sources told Reuters.

Although Russian firms are continuing to deliver crude supply, seven cargoes have yet to be paid for, as India's state-owned refiners seek yuan alternatives, the report said.