Russia, China raise share of payments in national currencies to 99.1% — minister

MOSCOW:  Russia and China carry out 99.1% of trade transactions in their national currencies, Russian Deputy Prime Minister Alexander Novak ...

MOSCOW:  Russia and China carry out 99.1% of trade transactions in their national currencies, Russian Deputy Prime Minister Alexander Novak told the Rossiya-1 TV channel.

"As for transactions, 99.1% of them are conducted in the ruble and yuan," he pointed out.

Russian Deputy Prime Minister Alexander Novak said earlier that Moscow and Beijing had raised the share of payments in national currencies to 99%.

-News Feed