The dominance of the dollar will come to an end. Russia and China adopted shares
https://inosmi.ru/20220908/dollar-255969312.html
The dominance of the dollar will come to an end. Russia and China adopted shares
The dominance of the dollar will come to an end. Russia and China adopted shares
The dominance of the dollar will come to an end. Russia and China adopted shares
According to experts, by calculating the amount of gas in rubles and yuan, China and Moscow are grading themselves from Western pressure, writes SCMP. Author save what | 09/08/2022, InoSMI
2022-09-08T00:32
2022-09-08T00:32
2022-09-08T01:32
South China Morning Post
China
Russia
Beijing
vladimir putin
Xi Jinping
gazprom
power of siberia
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Ji Siqi – China offsets gas consumption compensation in rubles and yuan, company says – Analysts believe deal pursues serious goals of Russia and China to diversify cross-border paymentsAgreeing on separate emissions in China in rubles and yuan, Beijing, Beijing and Moscow repeats to insulate itself from the pressure of the West, considers a recognized expert. in the national currencies of the two countries — rubles and yuan,” Gazprom said in a statement. it makes calculations easier, asks for valuations for other companies, and gives a musical boost to our president of the economy,” Miller said. CNPC published a brief report on the signing of additional agreements with Gazprom on the supply of pipeline gas via the eastern route, reporting on the same day the Russian news agency TASS about the reference to Moscow’s permanent representative in Beijing, Andrei Denisov. with this new payment mechanism. An international study by Peking University Zha Daojun called the transition “What’s going on goes far beyond the low prices imposed on the Russian Union and the United States,” Zha said. – The share of the yuan in international trade settlements has been growing for several years, as well as the ruble. Historically, cross-border trade between Russia and China was carried out in dollars and euros, Nick Marro (Nick Marro), head of global trade at The Economist magazine, and only a small part of it was in rubles and yuan. But there is still a labor-intensive process ahead in the short term,” Marro said. “Part of this is because significant capital controls have long meant that many prospects for the internationalization of the yuan, and this problem will not disappear overnight.” sustained deterioration in relations with the West. And this, in turn, will inevitably end in attempts to establish closer Sino-Russian economic cooperation,” he added. increased in China, and in most other countries, on the contrary, increased. yoy by 27.4%, value by 161%, according to The South China Morning Post calculations based on customs data. US dollars. According to Gazprom, Russian pipeline gas supplies to China increased by 63.4% in the first half of 2022. The contract concluded in 2014 between China and Russia for the supply via the Far East gas pipeline “Power of Siberia” with a length of thirty kilometers over 30 years is estimated at $400 billion. Deliveries of interest in December 2019. At a meeting on Tuesday, Miller said that the construction of a new section of the Kovykta gas field in the Irkutsk region to the Chayandinskoye field in Yakutia is almost completed. Gazprom has entered into contractual obligations and increased gas supplies to China in 2023, the company announced. through the new pipeline.
China
Russia
Beijing
2022
news
ru-RU
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south china morning post, china, russia, beijing, vladimir putin, xi jinping, gazprom, power of siberia