Page 76 - RusRPTDec22

7.1 FX issues
Russia and China are shifting to payments in national currencies for deliveries of energy resources, Prime Minister Alexander Novak said on the air with the Rossiya-24 TV Channel. "We are shifting to payments in national currencies - in rubles and in yuan - for supplied energy resources, to mutual settlements performed in particular for supplies of equipment from China," Novak said. "As an example, gas supplies at present between Gazprom and the People’s Republic of China are made on a parity basis in rubles and in yuan," the official noted.
8.0 Financial & capital markets 8.1 Bank sector overview
There was a spike in withdrawals from retail accounts in September associated with Putin’s partial mobilisation, but by October things had calmed again and went back to normal.
76 RUSSIA Country Report December 2022 www.intellinews.com