Russian Foreign Ministry expects increased use of national currencies in agreements with China for energy resources

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Russian Deputy Foreign Minister Andrey Rudenko said in an interview: DEA NewsMoscow hopes to increase the use of the ruble and yuan for energy resources.

According to Rudenko, the growth process in the share of national currencies in agreements with China in 2022 has accelerated significantly.

“I have no doubt that the use of national currencies will continue to increase and this will increase the independence of bilateral agreements, that is, strengthen national economic security,” the diplomat said.

He added that suppliers and consumers of energy resources should have various opportunities to trade. Moscow’s progress is due to such considerations.

Formerly at the Ministry of Foreign Affairs of the Russian Federation declarationThat Russia and Iran will increase their settlements in national currencies. In 2021, the share of swaps in national currencies was 60%. This trend continued in 2022. In addition, the two countries will continue their cooperation in the banking sector.

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