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Date: 6 months ago   Category: Business

Dialogue against dollar: why Russia and China intensified process of transition to payments in national currencies — RT in Russian

Russia and China can sign the agreement on payments in national currencies until the end of 2018. As the chairman of VEB Igor Shuvalov has emphasized, the draft document is already prepared and submitted to heads of governments of two countries. Analysts explain transition to rubles and yuans with intention of the authorities and business to reduce sanctions risks, especially in the conditions of the growing commodity turnover between Moscow and Beijing which volume following the results of a year is expected at the level of $100 billion. As process of dedollarization of a foreign trade turnover with the People's Republic of China can be reflected in the Russian economy — in the material RT.


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