The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

by Tyler Durden
ZeroHedge.com
06/09/2015

As Russia adjusts to Western sanctions stemming from the conflict in Ukraine, Gazprom is now settling all crude sales to China in renminbi. At the intersection of the petrodollar’s death and yuan hegemony is: the PetroYuan…

The Rest…HERE

This entry was posted on Tuesday, June 9th, 2015 at 1:47 pm and is filed under China, Economics, Oil, Russia. You can follow any responses to this entry through the RSS 2.0 feed.