Russian Prime Minister Dmitry Medvedev (left) and Chinese Premier Li Keqiang in Beijing’s Great Hall of the People earlier this month. Photo: EPA Russian Prime Minister Dmitry Medvedev (left) and Chinese Premier Li Keqiang in Beijing’s Great Hall of the People earlier this month. Photo: EPA
Russian Prime Minister Dmitry Medvedev (left) and Chinese Premier Li Keqiang in Beijing’s Great Hall of the People earlier this month. Photo: EPA
Currencies
Economy /  China Economy

Could China, Russia ditch the US dollar with new payments system to avoid sanctions?

  • Cross-border pact in development for direct trade payments in the yuan and the rouble
  • Impetus for move is threat of more economic sanctions by the US

Topic |   Currencies
Karen Yeung
Karen Yeung

Updated: 9:22am, 18 Dec, 2019

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Russian Prime Minister Dmitry Medvedev (left) and Chinese Premier Li Keqiang in Beijing’s Great Hall of the People earlier this month. Photo: EPA Russian Prime Minister Dmitry Medvedev (left) and Chinese Premier Li Keqiang in Beijing’s Great Hall of the People earlier this month. Photo: EPA
Russian Prime Minister Dmitry Medvedev (left) and Chinese Premier Li Keqiang in Beijing’s Great Hall of the People earlier this month. Photo: EPA
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