RUSSIA’s Gazprom has announced that it had signed an agreement to start switching payments for gas supplies to China to yuan and rubles instead of dollars, reports Tokyo’s Nikkei Asia. Russia seeks to reduce its reliance on the US dollar, euro and other hard currencies in its banking system and for trade, a drive that Moscow has accelerated since it was hit with Western sanctions in response to its war with Ukraine. Russia has been forging closer economic ties with China and other non-Western...
https://www.seanews.com.tr/china-russia-gas-transactions-now-done-in-rubles-and-yuan/194609/