Russia, China switch to national currencies for gas payments, says senior official
MOSCOW (AA) – Russia said on Friday that it and China had switched to national currencies in their trade for natural gas, implementing a deal they signed in early September.
Noting that Beijing already paid for Russian gas on the basis of the ruble-yuan parity, Deputy Prime Minister Alexander Novak said in a televised interview that payments in national currencies covered gas supplies from Russia and equipment sales from China.
Novak also told broadcaster Rossiya 24 TV that the two countries were also actively switching to payments in their national currencies for oil supplies and petroleum products.
Russian energy giant Gazprom announced a deal on Sept. 6 with state-owned China National Petroleum Corporation (CNPC) to use the national currencies in natural gas payments.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
