Local currencies dominate Russia-China trade – Putin aide ...News

The yuan and ruble are now used in 90% of transactions between the two countries, Yury Ushakov says Russia and China have brought the share of mutual trade settlements in the national currencies to 90%, Yury Ushakov, a senior foreign policy aide to Russian President Vladimir Putin, said on Thursday following a phone call between Putin and his Chinese counterpart Xi Jinping. The official added that during the call the two leaders emphasized the importance of creating a reliable joint financial infrastructure. “It has been stated that over 90% of settlements between our countries are carried out in rubles and yuan,”

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