Putin: Russia is abandoning the US dollar and pound!Russia announced: China ’s procurement of Russia’ s natural gas will use RMB and rubles to pay

CCTV News, the Seventh Eastern Economic Forum Plenary September 7th at the afternoon of September 7th at the Federal University of Russia Federal East.

About 5,000 representatives from 67 countries and regions attended the meeting, including nearly 700 leaders of Russia and 27 foreign companies attended the forum. The theme of this year's forum is "towards multi -pole world", and more than 90 events have been organized in the forum framework.

Russian President Putin said at the seventh Eastern Economic Forum Plenary Session that the United States never restricted itself in pursuit of its own interests, and "in order to achieve its goals, he would not be embarrassed by anything."

Putin said that the United States has destroyed the foundation of the world economic order, the US dollar and the British pound have lost their credibility, and Russia is abandoning them.

Image source: Visual China VCG111398985617

China PetroChina News on September 7th, on September 6, during the seventh Oriental Economic Forum, Dai Houliang, chairman of China Petroleum Group, held a video conference with Miller, President of Russia's Natural Gas Industry Co., Ltd. Essence During the meeting, the two parties signed the "China -Russia Eastern Line Natural Gas Purchase and Sale Agreement" related supplementary agreement.

Picture source: China Petroleum Network

According to Sino -Singapore Jingwei, Russia's Natural Gas Industry Co., Ltd. said on Tuesday local time that the company will change the method of exporting natural gas exports to China from the euro and the US dollar to rubles and RMB. Russia does not provide further details of the payment mechanism, nor does it explain when the payment method will be converted to rubles and RMB.

According to CCTV News, as of December 2 last year, the Natural Gas Pipeline of the China -Russia East Line has been operating safely and steadily for two years. The Natural Gas Pipeline of the China -Russia East Line has accumulated nearly 13.6 billion cubic meters of natural gas to my country.

The China -Russia East Line of Natural Gas Pipelines from Heilongjiang Province, Heilongjiang Province, to Shanghai, south to Shanghai, and the pipeline is 5111 kilometers in length. It was officially put into production ventilation on December 2, 2019. The entire line is divided into north, middle and south sections, and pass through 9 provinces, municipalities, and autonomous regions including Heilongjiang, Inner Mongolia, Tianjin, Jiangsu, and Shanghai. At present, both the northern and middle sections have been put into operation.

Picture source: Screenshot of CCTV News

Since the outbreak of the Russian and Ukraine crisis, with the launch of a series of sanctions in Europe and the United States, Russian President Putin immediately demanded that countries that receive Russia's natural gas in Europe pay rubles to avoid Western sanctions.

Earlier, on August 11, local time, Turkish Energy and Natural Resources Minister Den Metz said that Turkey and Russia have reached a principled agreement and will use rubles to pay some Russian natural gas, and the gas supply time and gas supply price will be determined recently. At the same time, the two parties are discussing the possibility of paying some transit transportation costs with Turkish lira.

On August 5, Russian President Putin and Turkish President Erdogan met in Sochi. The two parties stated that the two countries began to use the ruble settlement part of Russia to supply soil natural gas.

Daily Economic News integrated from CCTV News, China Petroleum Network, Zhongxin Jingwei, and Caixian

Daily Economic News

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