Settlements between Russia and China have almost completely switched to national currencies

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Russian Finance Minister Anton Siluanov said that the share of agreements between Russia and China in the national currency is 90 percent. talked about it comments For the TV show “Moscow”. Kremlin. “It’s Putin.”

The minister told Izvestia the other day that he is interested in making payments between companies of BRICS countries without restrictions. In this context, the issue of creating a common currency for the bloc is being discussed. The most relevant, according to Siluanov, is the creation of a unit of account based on digital financial assets backed by real assets.

In May, Prime Minister Mikhail Mishustin noted that already 70% of cross-border payments between Russia and China are in the national currency. He expressed confidence that economic cooperation will exceed trade turnover of $200 billion in 2023.

In September, according to the First Asian Department of the Russian Foreign Ministry, the share of national currencies in mutual agreements between China and the Russian Federation was announced. amount about 80%.

Putin before in the name to the expansion of settlements in national currencies in the CIS.

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