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

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.

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


Categorised as: interesting

Posted by: Kramer



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