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On Wednesday, May 22, in the Russian Cup final on soccer in Samara Lokomotiv and Ural will meet. Railroad workers are considered as unconditional favourites of opposition and can win a trophy for the...

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The head of department of the State protection of Ukraine Valery Heletey said that he wrote the official report about resignation.

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Actions of Washington concerning the Chinese telecommunication company Huawei are "typical economic persecution". Such statement was made by the Minister of Foreign Affairs of the People's Republic of...

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The chief representative of the European Union in Ukraine Hyug Mingarelli said that cooperation of the Ukrainian authorities with the International Monetary Fund (IMF) is one of conditions of receivin...

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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