China is buying coal and oil from Russia for the yuan, Bloomberg reports. The first loads of energy will arrive in China in April and May.
China has struck another blow at the dollar by buying coal and oil from Russia for the yuan. Shipments of energy carriers will arrive in the Celestial Empire in April and May, Bloomberg reports. It is noted that this was made possible by agreements between Chinese and Russian traders.
Settlements in national currencies have been introduced to ensure the smooth functioning of export channels. In fact, this is another blow, both to the already cracked sanctions against Russia and to the dollar as a settlement currency for oil transactions, as well as an international currency. Earlier, Russia transferred all gas payments to enemy countries in rubles.
Translation: BLIC
–
