Tag Archives: petrodollar

The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

“Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese currency by Russian companies.”

Posted in Uncategorized | Tagged , , , | Comments Off