The share of settlements between Russia and China in national currencies exceeded 99 percent, according to the Russian Finance Minister.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Moscow, November 4 /Xinhua/ — The share of settlements between Russia and China in national currencies has exceeded 99 percent, Russian Finance Minister Anton Siluanov announced on Tuesday.

“If we talk about settlements, 99.1 percent are carried out in rubles and yuan,” he said in a commentary to the Russia-1 television channel.

Earlier, Russian Deputy Prime Minister Alexander Novak noted that Moscow and Beijing had reached 99 percent of settlements in national currencies.

According to A. Novak, the main areas of trade settlements between Russia and China are oil and gas cooperation, electric power, the coal industry, and renewable energy sources. –0–

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