One of the world’s largest oil companies just ditched the dollar
25 Oct, 2019 09:23 / Updated 4 hours ago
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.