The following are recent comments by the Russian Energy Minister, who says:
"Payments under a $400 billion contract signed Wednesday between Russian gas giant Gazprom and China’s CNPC will be made in US dollars" [...]
"The Russian Finance Ministry is currently working on the issue of transferring accounts of export goods into rubles because of Western sanctions against Russia over the situation in Ukraine and Crimea."
"Many of Russia’s partners, including China, use the ruble in trade, but most export contracts are fulfilled in dollars."
Is it just me, or does anyone else find this fascinating they would use the USD for this?
Considering the Russian sanctions, and tensions between the US and China over the disputed oil rich Japanese area islands, I have to admit I didn't see that coming.