90% of Payments Between Russia and China Made in Rubles and Yuan as Trade Grows

https://sputnikglobe.com/20240516/putin-90-of-payments-between-russia-and-china-made-in-rubles-and-yuan-as-trade-grows-1118474125.html

Putin: 90% of Payments Between Russia and China Made in Rubles and Yuan as Trade Grows

Putin: 90% of Payments Between Russia and China Made in Rubles and Yuan as Trade Grows

Sputnik International

As part of the highly anticipated state visit of Russian President Vladimir Putin to China, the leaders of the two countries discussed an array of pressing bilateral and global issues, including the unprecedented high level of trade between the nations.

2024-05-16T13:06+0000

2024-05-16T13:06+0000

2024-05-16T13:06+0000

economy

vladimir putin

russia

china

xi jinping

russia-china cooperation

russian economy

chinese economy

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About 90% of all payments between Russia and China are made in rubles and yuan, and the joint decision to convert bilateral settlements into national currencies was well-timed and gave impetus to the expansion of trade flows, President Vladimir Putin said.»Over the past five years, despite the effects of the pandemic and despite some actions aimed at curbing our [Russia and China’s] development, some actions coming from third parties, the trade between Russia and China is growing and increasing at a steady rate. There’s an impressive portfolio that includes 80 major joint investment projects across different fields,» Vladimir Putin noted during talks with President Xi.Putin added that it was a timely joint decision «to ensure the transfer of bilateral settlements into national currencies,» which has given a powerful boost to enhancing trade flows.

https://sputnikglobe.com/20240516/russian-chinese-cooperation-is-one-of-main-stabilizing-factors-in-international-arena—putin-1118465296.html

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russia china talks, russia china meeting, russia china cooperation, russia china trade rates, russia china economic ties, putin and xi, putin in china, putin and xi talks

As part of the highly anticipated state visit of Russian President Vladimir Putin to China, the leaders of the two countries discussed an array of pressing bilateral and global issues, including the unprecedented high level of trade between the nations.