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Russia Aims for More Rouble and Yuan Energy Settlement

OIL

Russia will continue to accept more payments for energy exports in the country's rouble currency and China's yuan according to Deputy Prime Minister Alexander Novak Saturday.

  • "The yuan and rouble are in high demand, so that vector will continue. China already pays in yuan for gas and partially for oil, there are settlements in the rouble as well," Novak told Russian state TV.
  • Russia is aiming to move its energy trade away from using US dollars.

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