Translation. Region: Russian Federation –
Source: Rosneft – An important disclaimer is at the bottom of this article.
In recent years, trade settlements between Russia and China have been almost entirely converted to national currencies, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Chief Executive Officer of Rosneft Oil Company.
"In recent years, settlements between Russia and China have been almost entirely converted to national currencies, and the share of the dollar and euro has shrunk to the level of statistical error," he noted at the opening of the 7th Russian-Chinese Energy Business Forum (RCEBF) in Beijing.
According to him, since 2010, the yuan's share of China's foreign trade has grown from 2% to 52%, while the dollar's share has fallen almost by half – from 83% to 43%.
Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.