Sibur in 2022 completely switched to settlements with China in yuan
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Petroleum and chemical companySibur” in 2022, it completely switched to settlements with China in yuan, Pavel Lyakhovich, a member of the board and head of the directorate of basic polymers of the holding, said in an interview with RIA Novosti. According to him, Sibur is ready to develop new “exotic currencies”.
“We trade with Vietnam in dong, in China last year we switched completely to yuan. We sell in lira to Turkey. But we will also master other exotic currencies,” told he (quoted in “Prime”)
Last fall, Sibur General Director Mikhail Karisalov talked about exploring the possibility of settlements with Vietnam in dongs. At the same time, he noted that yuan dominated in settlements with Chinese suppliers and consumers. In the summer, the company announced the introduction of RMB payments for Chinese customers in order to provide them with payment flexibility.
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