Russia's Gazprom Signs Natural Gas Deal With China To Pay In Rubles And Yuan

Gazprom's Amur gas processing plant. Gazprom  

Moscow Times/AFP: Gazprom Says China Will Pay For Russian Gas in Rubles, Yuan  

Russian gas giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of Western currency, as Moscow seeks closer ties with Beijing in the wake of economic sanctions over the Kremlin’s war in Ukraine. 

"A transition was made to making payments for Russian gas supplies to China in the national currencies of the countries — the ruble and yuan," Gazprom said in a statement following a video conference meeting with Chinese oil group CNPC. 

“The new payment mechanism is a mutually beneficial, timely, reliable and practical solution,” Gazprom head Alexei Miller said. Miller added that the new measures will "simplify calculations" and "become an excellent example for other companies."  

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WNU Editor: Russia's Gazprom is benefiting from these deals .... Gazprom Shares Soar 30% on Record Profit, Dividend Promise (Moscow Times). 

Russia's Gazprom Signs Natural Gas Deal With China To Pay In Rubles And Yuan  

Gazprom to Shift Gas Sales to China to Rubles, Yuan From Euro -- Bloomberg  

PetroChina signs gas agreement with Russia's Gazprom -- Reuters  

Russia says China will start paying for gas in rubles and yuan -- CNN  

Russia's Gazprom signs gas deal with China to convert payments to ruble, yuan -- FOX News 

China agrees to pay for Russian gas in roubles and yuan: Gazprom -- Al Jazeera