China can succeed with petro-yuan ..
Published time: 31 Mar, 2018
“According to the analyst, the timing for the launch of the petro-yuan is perfect. Key oil producers Russia, Iran and Venezuela are under pressure from US sanctions, and it is a good moment for them to ditch the dollar in oil trade and substitute it with the yuan.”
“Both analysts agree that it will take time before the petro-yuan can become a real threat to the dollar. China needs to win the support of the world's largest oil producers Russia and Saudi Arabia, or the initiative is doomed, says Mashchenko”
