Chinese companies began to buy coal and oil in Russia for Yuan

PRC importers began to import Russian coal to the country, paying for it in Chinese currency, TENCENT information portal reported on Thursday with reference to the Fenwei Energy Information Service consulting company.

According to the publication, several Chinese companies in March used yuan to buy coal in Russia. It is noted that the first purchased party will arrive in April.

Also, according to the portal, some oil suppliers from Russia agreed on settlements in the yuan. Among other types of mentioned raw materials, which companies of Russia are going to export to China for Chinese currency, the iron ore appears.