China allowed the transition to payment in rubles for fuel supplies from Russia

In the Chinese Foreign Ministrystated that, when making settlements, the parties can choose the currency based on their own needs. Chinese companies intend to actively use the yuan and rubles in trade with Russia

Beijing is allowing a switch to payments in rubles or yuan in energy trade with Moscow to reduce costs due to currency exchange and avoid currency risks, the Chinese Foreign Ministry told TASS.

“In the implementation of bilateral mutual settlements, market entities can choose the currency in accordance with their own needs,” the Chinese Foreign Ministry emphasized.

Chinese companies intend to actively use rubles and yuan in trade with Russia, built on the basis of mutual benefit and equality, the ministry said, "taking into account the changing market situation." “Of course, for various reasons, we will also carry out settlements in the currency of other countries,” the Chinese Foreign Ministry said.

Bloomberg learned about the suspension in China of purchases of tanker oil from Russia Economics

Sources of The Wall Street Journal told in mid-March about the active negotiations between China and Saudi Arabia, the topic was the possibility of supplying part of the oil for the yuan. The discussion of switching to the yuan has been going on for six years, but the dialogue this year has accelerated due to Riyadh's outrage at the position of Washington, which did not support intervention in the civil war in Yemen, is involved in negotiations on a nuclear deal with Tehran and hastily withdrew troops from Afghanistan , reported the interlocutors of the newspaper.