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Russia’s Gazprom, China’s CNPC to switch gas sales to ruble, yuan

September 6, 2022 Comments Off

Russia’s Gazprom has agreed with China’s CNPC to switch the currency used to pay for Russian gas supplies via the Power of Siberia to China into the currencies of the two countries, the ruble and the yuan, Gazprom said Sept. 6. Gazprom said a corresponding agreement was signed under the parties’ long-term gas supply agreement, which provides for 38 Bcm/year…