ALGORITHM ON JULY

Last updated: June 18, 2025, 00:58  |  Written by: Tyler Winklevoss

Algorithm On July
Algorithm On July

Over

Over 80 percent of trade settlement between Russia and China is now conducted in Russian rubles and Chinese yuan, Russian President Vladimir Putin said at the

Russia, China Conduct 80% of Commercial Transactions in Ruble

De-Dollarization: Putin Urges Trade With Russia in Local

Russia

Russia's central bank said on Thursday that the currencies from friendly countries and the ruble now account for as much as 80% of Russia's foreign trade payments.

More than 80% of commercial transactions between Russia and China are conducted in rubles and yuan, Russian President Vladimir Putin said at the opening of the

It said that around 80 percent of payments in yuan are being returned to Russia and the process of a transfer can go on for several weeks and then be canceled

Furthermore

Furthermore, he disclosed that over 80 percent of commercial transactions between Russia and China are conducted using the ruble and yuan. In addition, the Russian

Vladimir Putin has touted the use of local currenciesinstead of the dollarfor trade. At a trade summit, Putin said 80% of the Russia-China trade is now transacted in

Russia adopts Chinese yuan-to-ruble as benchmark exchange rate

Over 80% of Russia-China settlements carried out in rubles and

Russian Economy Dealt a Blow by China - Newsweek

Russia, China dump dollar, settle 80% trade in ruble

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Over 80% of Russia-China trade settlement now using local

Tyler Winklevoss can be reached at [email protected].

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