Russia To Use Chinese Yuan For Trade Settlements With Asia Africa Latin America

Last updated: June 9, 2025, 14:37

Russia To Use Chinese Yuan For Trade Settlements With Asia Africa Latin America

Russian President Vladimir Putin has

Russian President Vladimir Putin has announced Russia's readiness to switch to the yuan in foreign trade settlements with countries in Asia, Latin America and Africa.

Chinese banks seize on Russia, oil trade to internationalise yuan

Russia wants to expand settlements in yuan beyond China to third

Russia is ready to increase

Russia is ready to increase settlements in yuan in its foreign trade, President Vladimir Putin said during talks with his Chinese counterpart Xi Jinping. We are for

Russia to Use Chinese Yuan for Trade Settlements With

Chinese banks are ramping up efforts to promote international use of the yuan, and reporting a surge in cross-border yuan business from the country's booming trade

A shift in the digital

Xi and Putin vow to ‘significantly increase’ trade

A shift in the digital currency environment may occur due to Russia’s latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations

Russia ready to switch to yuan in foreign trade, says Vladimir Putin

We are in favour of

We are in favour of using Chinese yuan in settlements between Russia and countries in Asia, Africa, Latin America, Putin said, adding that these forms of settlements

Russia will use Chinese yuan for transactions, avoiding sanctions

Putin has embraced the yuan as an alternative to the

Yuan becomes 5th most traded currency, helped by

Putin told Xi Russia's ready to switch to yuans in foreign trade