Gazprom Says China Will Pay For Russian Gas in Rubles, Yuan


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Russian gas giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of Western currency, as Moscow seeks closer ties with Beijing in the wake of economic sanctions over the Kremlin’s war in Ukraine. "A transition was made to making payments for Russian gas supplies to China in the national currencies of the countries — the ruble and yuan," Gazprom said in a statement following a video conference meeting with Chinese oil group CNPC. “The new payment mechanism is a mutually beneficial, timely, reliable and practical solution,” Gazprom head Alexei Miller said. Miller...