Russian Foreign Minister Sergei Lavrov announced that Russia and China have almost completely ceased using the US dollar in their bilateral trade relations. This significant shift in economic strategy, aimed at de-dollarization, has led to over 90% of trade settlements between the two nations being conducted in their national currencies, the ruble and yuan. Lavrov highlighted that the dollar has practically dropped out of interstate trade transactions between Russia and China, marking a notable move towards financial independence from the US currency.
Russia-China economic partnership: diminishing reliance on the dollar in trade between Russia and China https://t.co/fZEBxZRG2l https://t.co/HdMc1NW99F
China's imports of Russian oil were near a record high in March. We learned yesterday that these two countries have almost completely stopped using the dollar in mutual trade. Watch the petrodollar closely...
Russia and China have almost completely stopped using the dollar in their mutual trade, said Russian Foreign Minister Sergei Lavrov per Bloomberg.
🚨Bad News: Russia's foreign minister says his country and China have almost completely stopped using the dollar in the mutual trade. Via Bloomberg News https://t.co/mvlDzCLDmy
Russian Foreign Minister: “Russia and China have completely excluded the dollar from bilateral economic relations.” https://t.co/BzepUCQI8F
Russian Foreign Minister Sergei Lavrov said that currently more than 90% of trade settlements between Russia and China are carried out in rubles and yuan. The dollar has practically dropped out of interstate trade transactions between the two countries. https://t.co/2d8ra2ruGs
Russia says it has almost completely stopped using the dollar in mutual trade with China. Both are stockpiling gold.
JUST IN: Bloomberg reports that Russia's foreign minister says that his country and China have 'almost completely stopped using the dollar in the mutual trade'
JUST IN: 🇷🇺 🇨🇳Russia and China have almost completely stopped using US Dollar for mutual trade, says Foreign Minister - Bloomberg https://t.co/SsGr5OESaj
🚨BREAKING 🚨 CHINA AND RUSSIA HAVE ALMOST COMPLETELY STOPPED USING US DOLLAR IN BILATERAL ECONOMIC RELATIONS. THE FUTURE IS UNFOLDING BEFORE OUR EYES! BUY #BITCOIN. https://t.co/50KIQaOfRf
🇷🇺🇨🇳 Russian Foreign Minister: "Russia and China have completely eliminated the dollar in bilateral economic relations." https://t.co/I2o0J15WNz
JUST IN: 🇷🇺 🇨🇳 Russia and China have almost completely stopped using US Dollar for mutual trade, Foreign Minister says. https://t.co/XD6bqOAaOg
RUSSIA LAVROV: RUSSIA, CHINA ALMOST DE-DOLLARIZED THEIR TRADE https://t.co/HPQIYCoiVI
China and Russia are the perfect symbiotic relationship. China imports huge amounts of Russian energy (red) and exports tons of goods to Russia (blue) that keep its war economy going. This surge in trade only began after Russia invaded Ukraine. China is Putin's biggest enabler... https://t.co/yXPVOMlAci
Russia and China have almost completely eliminated the US Dollar in bilateral trade. https://t.co/XDoaTg3fOE
Russian Foreign Minister: Russia and China have completely eliminated the dollar in bilateral economic relations. https://t.co/x41KThJcGg
JUST IN: #Russia and #China have almost completely stopped using the dollar in their mutual trade, Foreign Minister Sergei Lavrov said in Moscow on Monday.
Russia and China have almost completely stopped using the dollar in their mutual trade, says Foreign Minister Sergei Lavrov https://t.co/2YDVmsFDEV
The Russian Federation and China have carried out almost complete de-dollarization of bilateral economic relations, Sergey Lavrov https://t.co/anxajQ87hN
❖ RUSSIA LAVROV: RUSSIA, CHINA ALMOST DE-DOLLARIZED THEIR TRADE: TASS
🤡 Zakharova: "Russia regards the West's encroachment on its assets as undisguised, cynical theft in order to fill its own pockets."