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Last updated: June 16, 2025, 22:03  |  Written by: Sam Bankman-Fried

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It Said That Around

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

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

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

Over

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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

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

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.

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

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Russia, China Conduct 80% of Commercial Transactions in Ruble

Vladimir Putin Has Touted The

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

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