China to pay for gas in yuan, roubles: Gazprom

MOSCOW: Russia’s Gazprom said on Tuesday that China will start paying for Russian gas in roubles and yuan instead of US dollars, as Moscow seeks closer ties with Beijing.
“The new payment mechanism is a mutually beneficial, timely, reliable and practical solution,” Gazprom CEO Alexei Miller said as quoted in the statement. Miller said it will “simplify calculations” and “become an excellent example for other companies”.