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Msg  57273 of 57287  at  10/25/2019 11:32:55 AM  by

zeno451


One of the world’s largest oil companies just ditched the dollar

One of the world’s largest oil companies just ditched the dollar

25 Oct, 2019 09:23 / Updated 4 hours ago
https://www.rt.com/business/471804-russia-rosneft-ditches-dollar/

Global Look Press / Stefan Klein
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Russia’s largest oil company Rosneft has already completed the switch away from the US dollar in an effort to minimize its exposure to US sanctions.
Rosneft has already fully switched to euros as the base currency for all its export contracts, and sees big potential in working in euros, Sechin said at the Eurasian Economic Forum in Verona, Italy, on Thursday.

According to Rosneft’s top executive, the Chinese yuan could become a much more important global currency in the future, because of Chinese economic growth.


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