PetroYuan Proliferation: Russia, China To Settle “Holy Grail” Pipeline Sales In Renminbi

Wednesday, June 17, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
06/17/2015

Two critically important themes which have far-reaching geopolitical and economic consequences came together recently when it became apparent that Gazprom had begun settling all crude sales to China in yuan. This marked the intersection of yuan hegemony and the death of petrodollar mercantilism. Now, the trend continues as Russia and China will de-dollarize hundreds of millions in natural gas settlements.

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