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This month will be the first yuan-paid coal shipments since the West imposed sanctions on Russia and cut its banks from the international financial system.
RT, via Telegram – The first shipments of yuan-purchased coal are expected to arrive in China this month, followed by Russian oil in May, as the two countries maintain their energy trade.
These will be the first shipments of goods paid for in yuan since the United States and Europe imposed sanctions on Russia and cut off many of its banks from the international financial system.
Moscow is also offering rupee and ruble payments to Indian oil buyers, while Saudi Arabia is in talks with Beijing to price some of its oil in yuan as the two countries try to curb the dollar’s dominance of global trade.
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