Settling in Euros, Russia and China Agree on 30-Year Gas Deal Through New Pipeline
Posted on 02/04/2022
In a strike against the U.S. dollar’s hegemony in global energy trade, Russia agreed to a 30-year contract to supply gas to China through a new pipeline. The parties will settle the new gas sales in euros. Gazprom has a monopoly on Russian gas exports by pipeline. Gazprom agreed to supply Chinese state energy major […]
