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The share of settlements in national currencies between the Russian Federation and BRICS will remain at 85%

By Rhod Mackenzie

The share of settlements between Russia and the BRICS countries in national currencies in 2024 will most likely remain at the level of 85%, but there is also the possibility of a slight increase, Maxim Markov commented to RIA Novosti, he is an Associate Professor of the Departme...

Russia Currencies BRICS Trade Settlement Rubles
Russia calls on BRICS to ditch dollar in members mutual trade

By Rhod Mackenzie

The Russian Finance Minister Anton Siluanov emphasized the importance of sustainable financial relations and settlements within the BRICS organization for all member states during the Russia-China Financial Dialogue forum in Beijing on Monday.

Siluanov met with his Chinese coun...

Russia BRICS Trade Settlement Curencies Dedollarisation
Russia yuan trade settlements growth inevitable but ruble share increasing

By Rhod Mackenzie

The emphasis on the use of the yuan in bilateral settlements with China is inevitable, but the share of the ruble in them is also growing, the Russian Economic Development Minister Maxim Reshetnikov told reporters in Beijing.

According to him, in bilateral agreements with China...

Russia China Trade Yuan Ruble Settlement