The Chayanda oil and gas condensate field, one of the largest in eastern Russia, is a resource base for the Power of Siberia pipeline. Photo: TNS
The Chayanda oil and gas condensate field, one of the largest in eastern Russia, is a resource base for the Power of Siberia pipeline. Photo: TNS

China-Russia gas deal in yuan, roubles underscores efforts to reduce US dollar hegemony

  • China will begin paying Gazprom half in roubles and half in yuan for Russian gas supplies, the company announced
  • Analysts say the deal affirms a longer-term ambition for Russia and China in diversifying cross-border payments

The Chayanda oil and gas condensate field, one of the largest in eastern Russia, is a resource base for the Power of Siberia pipeline. Photo: TNS
The Chayanda oil and gas condensate field, one of the largest in eastern Russia, is a resource base for the Power of Siberia pipeline. Photo: TNS
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