Monday, November 10, 2014

While We're Bombing Oi Fields, Russia & China Are Trading in Energy

Without dollars.
Russia is considering letting Chinese investors into one of Russia’s major mining companies, a deal that would include settlements in yuan.

The day before Russia’s oil giant Rosneft and China National Oil and Gas Exploration and Development Corporation signed an agreement on the acquisition of a 10 percent stake at Vankorneft, a Rosneft subsidiary that develops oil in Russia’s Eastern Siberia.

[...]

Payments in national currency is planned particularly in oil trade. “Our experts are assessing such possibilities," he said.

  RT

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