Russian oil major ditching dollar in trade ...News

Gazprom Neft has switched to yuan and rubles in export settlements, the company’s head has revealed Russian oil producer Gazprom Neft, a subsidiary of energy giant Gazprom, has almost completely abandoned the US dollar and euro in crude trade with foreign partners and switched to national currencies, the company’s CEO Aleksandr Dyukov revealed this week. According to him, most of the firm’s export transactions are already made in Chinese yuan and Russian rubles, he said on the sidelines of the TNF energy forum, which is taking place in oil-rich Tyumen Region in Siberia. At the same time, Dyukov noted that the comp

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