Russia’s ambassador to China Andrey Denisov says Moscow and Beijing want to reduce their reliance on the US dollar. Photo: Tom Wang

Russia, China keen to increase use of yuan, rouble in trade settlement, ambassador Andrey Denisov says

  • Bilateral trade rose 25 per cent last year to US$108 billion but only a fraction of it was settled in the nations’ own currencies
  • Countries are ‘dissatisfied that almost everything in international payments is based on American dollars’, envoy says
Topic |   Russia

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Russia’s ambassador to China Andrey Denisov says Moscow and Beijing want to reduce their reliance on the US dollar. Photo: Tom Wang
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