Business & Economy

Gaprom: China will pay for gas in rubles and yuan

Russia’s Gazprom announced that China and Russia have permanently removed the dollar and the euro from their commercial dealings regarding the export of Russian gas to China.
The company said: “China will start paying for Russian gas shipments in rubles and yuan instead of dollars.”
“The new payment mechanism is mutually beneficial, timely, reliable and practical,” she added.
It is expected to increase Russian gas shipments to China via the “Power of Siberia” pipeline, which will start flowing from the Kovitka field before the end of this year.

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