and China signed enormous 30-year energy deals for delivery of Russian oil and gas to China. The payments will be in local currencies not in dollars. Already in 2014 settlement in national currencies between China and Russia in bilateral trade increased nine times over 2013. Lin Zhi, head of the Europe and Central Asia Department of the Chinese Ministry of Economic Development announced last November that, “About 100 Russian commercial banks are now opening corresponding accounts for settlements in yuan. The list of commercial banks where ordinary depositors can open an account in yuan is also growing.” Last November 18 Russia’s largest bank, Sberbank became the first Russian bank to begin financing letters of credit in Chinese yuan.

Long-term strategy

What all this indicates is that Russia and China areThe present discovery constitutes a new and distinct variety of a miniature rose plant which was discovered in a cultivated area in my nursery in June 2013. The new rose variety resulted from a naturally occurring mutation of unknown causation on a branch of ‘KORbailand’, a rose variety from the same inventor described and illustrated in U.S. Plant Pat. No. 23,845 and issued on Aug. 27, 2013.
The new rose plant was asexually propagated for further evaluation. This new and distinctive rose variety is named ‘KORpot062’.