Original title: Gazprom CEO: refueling expenses for Chinese and Russian aircraft to and from the two countries will be in RMBSettle with rupees and abandon the use of dollars
According to a report by RT on the 4th, Alexander Dyukov, chief executive of Gazprom, told reporters on the sidelines of the sixth Oriental Economic Forum that the cost of refueling between Chinese and Russian aircraft between the two countries will make it possible to settle in RMB and rupees and abandon the use of US dollars.
According to the report, Dyukov said, "We will start (implementation) in September, and by the end of this year, we will almost be able to settle aircraft refueling costs in China in RMB." He added that the cost of refueling Chinese airliners at Russian airports would also be in rubles.To settle the bill.
The agreement was finally reached after lengthy negotiations between Gazprom and China's state-owned jet fuel operators to give up settlement in dollars, RT said.
Jukov also mentioned that Gazprom and Chinese operators plan to double the total volume of aircraft refueling between China and Russia to about 250000 tons by 2025. The total fuel volume of Gazprom's aircraft gas stations in China increased to 56500 tons in the first half of 2021, an increase of 12 percent over the same period last year and 29 percent over 2019, the report said.
China and Russia have been pushing their currencies to play a greater role in global financial markets and have taken a series of measures over the past few years to reduce their dollar holdings, the report said.