This latest follows on news that the unit of account for the big Russia-China gas deal would not be the dollar but rubles or yuan which itself followed a TASS report that the chief economist of Russia's largest private bank was saying "China’s yuan may become 3rd world reserve currency along with US dollar and euro".
As econ commentator David Bowie put it:
Ch-ch-ch-ch-Changes
(Turn and face the stranger)
Ch-ch-Changes
Don't want to be a richer man
Ch-ch-ch-ch-Changes
(Turn and face the stranger)
Ch-ch-Changes
Don't want to be a richer man
Ch-ch-ch-ch-Changes
From ITAR-TASS:
Nine of ten consumers had agreed to switch to euros, may be later contracts will be switch to roubles, the oil company's head Alexander Dyukov says
MOSCOW, June 06./ITAR-TASS/. Gazprom Neft had signed additional agreements with consumers on a possible switch from dollars to euros for payments under contracts, the oil company's head Alexander Dyukov told a press conference.
"Additional agreements of Gazprom Neft on the possibility to switch contracts from dollars to euros are signed. With Belarus, payments in roubles are agreed on," he said.
Dyukov said nine of ten consumers had agreed to switch to euros.
ITAR-TASS reported earlier that Gazprom Neft considered the possibility to make payments in roubles under contracts. Some contracting parties agree to switch from dollars to euros and Yuans.
"The so-called Plan B is already partially worked out. The switch of dollar contracts to euros and Yuans is agreed on with some of our contracting parties. Under consideration is the possibility to switch contracts to roubles," Dyukov said at the St. Petersburg International Economic Forum.
