Russia-China trade almost 100% outside Western currencies – finance minister
PositiveWorld Affairs
Russia and China are increasingly conducting trade in their own currencies, with over 99% of payments now made in rubles and yuan, according to Russian Finance Minister Anton Siluanov. This shift is significant as it reduces reliance on Western currencies, potentially strengthening economic ties between the two nations and enhancing their financial independence. The move reflects a broader trend of countries seeking to bypass traditional financial systems dominated by the West.
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