Russia and China to abandon dollar in energy trade – Moscow ...News

Economy by : (Russia Today) -
The two nations have been promoting settlements in the national currencies The energy trade between Russia and China has been steadily growing and is up 64% in monetary terms so far this year, Russian Deputy Prime Minister Aleksandr Novak told the Rossiya 24 TV channel on Friday. His comments followed a meeting of the intergovernmental Russian-Chinese commission on energy cooperation. “China is our strategic partner in the Asia-Pacific region and generally in trade,” he said, noting that in physical terms the increase was about 10% in supplies of oil, gas, coal, and electricity. The deputy PM explained that the tw

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