China to Buy Russian Gas in Roubles, Yuan, Says Gazprom


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The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine China is to start paying for Russian gas in yuan and roubles, Russian energy giant Gazprom claimed on Tuesday. Gazprom said it had signed an agreement to start switching payments for gas supplies to the Chinese and Russian currencies instead of US dollars. The shift is part of a push by Russia to reduce its reliance on the US dollar, euro and other hard currencies in its banking system and...