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Reuters exclusively reports Russia's Rosneft to switch to euros in oil products tenders

Reuters exclusively reports Russia's Rosneft to switch to euros in oil products tenders

Reuters exclusively reported that Russia’s Rosneft, one of the world’s top oil producers and exporters, has notified customers that future tender contracts for oil products will be denominated in euros not dollars. The move, which could come as soon as this year, is likely to be seen as an attempt to offset any potential negative impact of U.S. sanctions on Russia.