Trade with China Mainly Settled in Yuan, Rubles: Russian deputy PM
来源:www.globaltimes.cn;发表于:2024-04-09;人气指数:53
Tuesday, April
9, 2024
Trade with China Mainly Settled in
Yuan, Rubles: Russian deputy PM
About 92 percent of trade settlement
between Russia and China is now conducted in Russian rubles and Chinese yuan,
Russian Deputy Prime Minister Alexei Overchuk said at the Boao Forum for Asia
in South China's Hainan Province.
He also said that Russia hopes to
strengthen financial ties with other countries to replace the US dollar in the
international arena in the future, in a bid to ensure the stability and
security of local currencies.
Overchuk's remarks came amid growing
emphasis by both sides on trade in local currency and de-dollarization efforts
in a bid to reduce risks and costs. In July 2023, Russian President Vladimir
Putin announced at the 23rd Meeting of the Council of Heads of State of the
Shanghai Cooperation Organization that over 80 percent of trade settlement
between Russia and China was conducted in Russian rubles and Chinese yuan,
according to media reports.
Bilateral trade between China and Russia
continues to show upward momentum, reaching $240.1 billion in 2023, up 26.3
percent from a year earlier. The figure was over $190 billion in 2022, with
energy taking the key share.
China-Russia relations are a model of
relations between major powers. When talking about the relationship between
Russia and China, Overchuk emphasized that the dynamic and stable relationship
between the two countries is based on mutual respect, equality, and years of
profound historical exchanges between the two governments. Russia will continue
to promote the growth of trade between the two countries and advance new
interconnection projects, he said.
One of the prominent changes over the
past 50 years has been the rise of the Global South, Overchuk said while
addressing a sub-forum titled "The Rise of the Global South." Faced
with increasing global uncertainty, countries from the Global South should
strengthen cooperation and unite to meet challenges, he said.
Overchuk also pointed out Russia's
willingness to strengthen cooperation with countries in the Global South in the
field of cross-border trade and transportation infrastructure construction,
saying that Russia hopes to expand market access and push for the building of
international transportation corridors.
"We are currently seeing signs of
anti-globalization and rising trade fragmentation in global markets, which
requires us to strengthen cooperation and connections with our neighboring
countries," said Overchuk.
2024 marks the 75th anniversary of the
establishment of diplomatic relations between China and Russia. The
determination of China and Russia to work together hand in hand is even
stronger, the foundation of generational friendship is more solid, and the prospects
for comprehensive cooperation are even broader, Zhang Hanhui, the Chinese
Ambassador to Russia, said in an interview with Tass.
Global Times
Source: www.globaltimes.cn