News Snapshot:
Gazprom CEO Alexei Miller said allowing payments in Russian rubles and Chinese yuan was “mutually beneficial” for both Gazprom and Beijing’s state-owned China National Petroleum Corporation. “It will simplify the calculations, become an excellent example for other companies and provide an additional impetus to the development of our economies,” he said. Gazprom did not provide further details about the plan or when the payments would change from dollars to rubles and yuan. President Vladimir Putin earlier this year forced European customers to open ruble bank accounts with Gazprombank and pay in Russian currency if they wanted to continue receiving Russian...
