Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli Channel 13: The Iranian nuclear program cannot be destroyed with missiles, even if we spend another year attacking it alongside the Americans.
Over 30 casualties in a suicide bombing that targeted the Mar Elias Church in Damascus, Syria.
Iranian Shura Council recommends the closure of the Hormuz Strait and leaves the decision up to the Iranian National Security Council.
IRGC Commander Major General Mohammad Pakpour: As time passes, the people's solidarity increases, which is a divine blessing
IRGC Commander Major General Mohammad Pakpour: The Iranian Revolution Guard Corps' aerospace operations will not stop
Russian Foreign Ministry: IAEA Director General Rafael Grossi must ensure that an objective report is presented at the special session of the International Atomic Energy Agency (IAEA)
Russian Foreign Ministry: The UN Security Council must respond to the US attacks on Iran
Russian Foreign Ministry: We strongly condemn the US strikes on Iran, calling the decision irresponsible
Iranian Red Crescent: Three personnel martyred, 29 injured in Israeli aggression
IRGC: We have identified and monitored the departure points of the US aircraft that carried out the aggression

China to pay for Russian gas in yuan, rubles: Gazprom

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Sep 2022 16:08
  • 2 Shares
2 Min Read

Gazprom announces its intention to change its contracts to supply gas to China from euros to rubles and yuan.

  • x
  • Gazprom: China to pay for Russian gas  in yuan, rubles.
    Gazprom: China to pay for Russian gas in yuan and rubles.

Russia's energy behemoth Gazprom announced Tuesday that China will begin paying for Russian gas in rubles and yuan rather than US dollars, as Moscow seeks stronger ties with Beijing in the aftermath of Western sanctions over 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.     

Read next: Beijing slams US bill to punish China for buying Russian oil

The shift is part of Russia's push to lessen its reliance on the US dollar, euro, and other hard currencies in its financial system and for trade, which has escalated since it was sanctioned by the West in reaction to the Russian military operation in Ukraine. 

Russia has been strengthening economic connections with China and other non-Western countries, mostly to find new markets for its essential hydrocarbon exports.

Related News

Iran says US, 'Israel' crossed 'red line' as Araghchi heads to Moscow

Rosatom to evacuate Bushehr NPP at slightest threat: Rosatom Chief

Allowing payments in Russian rubles and Chinese yuan, according to Gazprom CEO Alexei Miller, is "mutually beneficial" for both Gazprom and Beijing's state-owned China National Petroleum Corporation.

“It will simplify the calculations, become an excellent example for other companies and give an additional impetus for the development of our economies,” he said.

Gazprom did not elaborate on the proposal or indicate when payments will be converted from dollars to rubles and yuan.

Read next: Russian trade with China will reach $200 billion by 2024

Gas supplies via Nord Stream have been totally halted since August 31, and pipeline operations have been halted owing to scheduled repair work at the Portovaya compressor station, according to data from gas transportation system operators.

A leak was located at the main gas turbine at the Portovaya compressor station near St Petersburg.

On August 19, Gazprom said it would halt the flow of gas through the pipeline from August 31 until September 2 due to routine maintenance.

  • Russia
  • Yuan
  • China
  • Gazprom

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • Today
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Iran UN Ambassador Amir Saeid Iravani addresses a United Nations Security Council meeting, Friday, June 20, 2025. (AP)
Politics

Iran demands urgent UN Security Council session over US airstrikes

CIA Director John Ratcliffe, testifies before a hearing April 18, 2023, on Capitol Hill in Washington (AP/Manuel Balce Ceneta)
US & Canada

Trump aides pushed war on Iran with Mossad-fed intel, ignoring dissent

This photo released on Nov. 5, 2019, by the Atomic Energy Organization of Iran shows centrifuge machines in the Natanz uranium enrichment facility in central Iran. (Atomic Energy Organization of Iran via AP, File)
Politics

Iran: Minor damage to nuclear sites after US attack, no radiation

The U.S. Capitol, on June 5, 2025, in Washington. (AP)
Politics

US lawmakers condemn Trump’s strikes on Iran; MAGA base frustrated

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS