De-dollarization in overdrive: Russia & China boost settlements in national currencies to 25% ...News

Russia Today - Economy
De-dollarization in overdrive: Russia & China boost settlements in national currencies to 25%
source : Russia Today ( News ) () 22
Moscow and Beijing have ramped up the share of settlements in national currencies to 25 percent this year against a modest two percent recorded seven years ago, according to the Russian Ambassador to China Andrey Denisov. “The share of national currencies in our [trade] relations with China is steadily increasing. It has reached about a quarter through the nine months since the beginning of the year. This is quite a big progress,” the ambassador said, citing the Chinese partners. Also on rt.com Russia proposes $20 billion in new investment projects with China

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