RT: Russia and China to abandon dollar in energy trade – Moscow
The two nations have been promoting settlements in their national currencies
Energy trade between Russia and China has been steadily growing and is up 64% in monetary terms so far this year, Russian Deputy Prime Minister Aleksandr Novak told the Rossiya 24 TV channel on Friday.
His comments followed a meeting of the intergovernmental Russian-Chinese commission on energy cooperation. “China is our strategic partner in the Asia-Pacific region and generally in trade,” he said, noting that in physical terms the increase was about 10% in supplies of oil, gas, coal, and electricity.
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Update: Russia, China switch to national currencies for gas payments (Daily Sabah)
WNU Editor: This type of trade is not only going to continue to grow between China and Russia, but it will soon involve other countries.