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

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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This entry was posted on Wednesday, June 17th, 2015 at 5:23 pm and is filed under China, Economics, Energy, Russia. You can follow any responses to this entry through the RSS 2.0 feed.