kremlin says russia and China have almost abandoned the dollar in trade
Kyiv • UNN
russia and China have almost completely abandoned the US dollar in their mutual settlements, and more than 90% of transactions between the two countries are now carried out in their national currencies.
China and russia have almost completely abandoned the dollar, and more than 90% of mutual settlements are made in national currencies. This was stated by russian Foreign Minister Sergei Lavrov, according to russian media, UNN reports.
Details
There has been an almost complete de-dollarization of bilateral economic ties. Today, more than 90% of mutual settlements (between China and russia - ed.) are converted into national currencies
In particular, he noted the increased cooperation between the two countries in the energy sector, as well as the growth of supplies of domestic agricultural products to the Chinese market.
Lavrov also pointed to joint investment and industrial projects between russia and China. According to him, the benefits of such cooperation are felt on both sides of the russian-Chinese border.
Recall
U.S. Secretary of State Anthony Blinken said that China is the main supplier of raw materials and components for russia's military-industrial complex.
