BRICS: Over 70% of Trade Deals Between China and Russia is Settled in Their Local Currencies

BRICS: Over 70% of Trade Deals Between China and Russia is Settled in Their Local Currencies

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Amidst the BRICS collective’s push to eliminate the reliance on the US dollar, Russia’s Finance Minister, Anton Siluanov, stated that more than 70% of trade between China and Russia is settled in their respective local currencies. The figure arrives as both countries have sought alternatives to…

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