VTB Chairman and Chairman of the Board Andrey Kostin said at the Russian-Chinese business forum in Shanghai that Russia and China need new cooperation mechanisms in the banking sector, especially for the development of the digital yuan and digital ruble. It has been reported TASS.
“It is necessary, of course. I think that the development of digital yuan and digital ruble is promising, especially, these studies are carried out through Central Banks. I think that BRICS countries have a possibility to create a digital currency,” he said.
Earlier, the head of VTB said that the bank in Shanghai will become a pillar to serve Russia-China trade. He recalled that VTB was the first in Russia – in 2008. created Office in China and over 15 years has accumulated extensive experience in interacting with Chinese interlocutors.
Prior to that, Russian Prime Minister Mikhail Mishustin said at the Russian-Chinese business forum in Shanghai that trade between Russia and China is possible. to reach $200 billion at the end of the year.