Russia–China Foreign Trade Near Dollar-Free: Almost All in Rubles, Yuan
- Russia and China have nearly eliminated the U.S. dollar from their bilateral trade.
- Transactions are now primarily conducted in rubles and yuan.
- This shift is part of a broader de-dollarization trend affecting global economic power structures.
- A high-level meeting between Russian President Vladimir Putin and Chinese President Xi Jinping occurred on May 8 in Moscow.
Following a significant meeting on May 8, Russia and China have transitioned almost entirely to using rubles and yuan for their bilateral trade, minimizing the role of the U.S. dollar in these transactions.
Source (2.6)https://news.bitcoin.com/russia-china-foreign-trade-near-dollar-free-almost-all-in-rubles-yuan/?rand=52384
