For first time Venezuela publishes oil prices in Chinese currency

FILE PHOTO - A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo

Venezuela on Friday published the price of its oil and fuel in Chinese currency for the first time, following President Nicolas Maduro’s announcement that the government would ease off the U.S. dollar in response to sanctions by the United States, reported Reuters.