According to a report by “Russia Today” (RT) on the 4th, Gazprom (Gazprom) CEO Alexander Djukov told reporters on the sidelines of the 6th Eastern Economic Forum that the cost of refueling between Chinese and Russian aircraft during the travel between the two countries It will enable the use of RMB and rubles for settlement, and abandon the use of U.S. dollars.
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RT report screenshot
According to the report, Djukov said, “We will start (implement) in September, and by the end of this year, we will almost be able to settle the refueling costs of aircraft in China in RMB.” He added that for Chinese passenger planes at Russian airports The cost of refueling will also be settled in rubles.
According to RT, Gazprom and China’s state-owned aviation fuel operator conducted long negotiations on abandoning the use of U.S. dollars for settlement, and finally reached this agreement.
Djukov also mentioned that Gazprom and Chinese operators plan to double the total amount of aircraft refueling between China and Russia to about 250,000 tons by 2025. According to reports, in the first half of 2021, the total fuel capacity of Gazprom’s aircraft gas stations in China increased to 56,500 tons, a year-on-year increase of 12% and a year-on-year increase of 29%.
The report mentioned that China and Russia have been pushing their respective currencies to play a greater role in the global financial market and have taken a series of measures in the past few years to reduce their dollar holdings.
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