Representative image of oil pump cylinders in Russia | photo credit: Reuters
Congress on Monday questioned the Narendra Modi government’s decision to buy Russian crude oil, using the Chinese currency Yuan.
Addressing a press conference at the Congress headquarters, party spokesman Gaurav Vallabh said the Indian government had started making payments to Russia for importing crude in yuan instead of rupee .
Expressing his shock, he said the Indian government was promoting the currency of a country responsible for the martyrdom of 20 soldiers in Galwan in May 2020 and another 20 soldiers were injured in Arunachal Pradesh in December 2020. last year.
“Why do Indian refiners pay Russian crude in yuan? Why are we trying to internationalize the Chinese currency? Why can’t we make the same payment in Indian Rupee? asked Mr. Vallabh.
The Congress spokesman alleged that China had made incursions, unilaterally changed the names of eleven villages and towns in Arunachal Pradesh and blocked Indian troops from accessing 40% of patrol points.
Mr. Vallabh claimed that The Global Times, the Chinese government’s official gazette had praised the Indian government for “accelerating de-dollarization” by paying Russia in yuan for the oil India imports from that country.
He said India currently imports ₹89,000 crore of rough from Russia compared to ₹7,000 crore in 2021.