China and Russia 100 million tons of oil orders, why should they be paid in euros? In fact, the reason is very simple, as a seller, Russia is naturally more willing to accept an international currency: the currency has a strong position and the value of the currency

China and Russia 100 million tons of oil orders, why should they be paid in euros? In fact, the reason is very simple, as a seller, Russia is naturally more willing to accept an international currency: the currency has a strong position, the value of the currency is relatively stable, and it is freely convertible. Currently meeting this condition, the DOLLAR and the euro are ranked first or second on the list. Needless to say, the Old United States is now not dealing with China and Russia, and every day it is shouting to sanction Russia, Putin is naturally unwilling to bet on the dollar.

And then there's the euro. The 100 million tons of oil order, completed in 10 years, is 10 million tons per year, according to the current oil price, the total amount is only seven or eight billion euros. China has a large euro surplus and euro foreign exchange reserves every year, and the economic pressure is not very large when it spends this foreign exchange to buy oil. For Russia, which chooses to bypass the dollar transaction, without breaking our foreign exchange reserves, giving them some of the world's second strongest currency can also make Russia have more chips in its hands, and pull between the dollar and the euro.

In addition, the 100 million tons of oil order between China and Russia will be supplied to us through Kazakhstan, which will be of great benefit to strengthening geostrategic cooperation between China, Kazakhstan and Russia.

Of course, in the long run, from a psychological point of view, we still hope that one day, our energy and raw material trading partners are more willing to accept RMB payments. The internationalization of the renminbi is a long road, although it is difficult, but the prospects are bright.