Moscow, Beijing Have Almost Fully Abandoned Dollar In Bilateral Settlements - Russian PM

2023-12-19 03:11:11

(MENAFN- AzerNews) Moscow and Beijing have almost fully abandoned the dollar in bilateral settlements, Russian Prime Minister Mikhail Mishustin said at the 28th regular meeting of heads of the two countries' governments, Azernews reports, citing TASS.

"Mutual trade has increased by almost one third year-to-date. Meanwhile the majority of payments, over 90%, are made in national currencies, which demonstrates almost full de-dollarization of economic ties," he said.

Russia and China fulfilled the task set by heads of the two states on bringing bilateral trade turnover to $200 bln ahead of schedule, the Russian prime minister noted.

MENAFN19122023000195011045ID1107629297

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.