According to The News on Friday, Pakistan is most likely to pay for the Russian oil in Chinese Yuan and the test shipment, which will contain 750,000 barrels of crude, is scheduled to dock in June. A senior source from the Ministry of Energy told the publication that “the cargo might also arrive by the end of May.”
The price of crude will most likely be paid by Pakistan in Chinese money, according to information obtained from sources, and the “Bank of China may play its role for transactions. According to information obtained from reliable sources, Pakistan would most likely pay for its crude in Chinese money, and the “Bank of China may play its role for transactions.”
Although the seller also does not want to make it public for fear of backlash from other countries buying Russian oil directly from Moscow, the official refused to disclose the details about the mode of payment and the precise discount, arguing it is not in the interest of the country.
