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HomeCurrenciesThe volume of yuan in Russia-China trade will increase tenfold this year

The volume of yuan in Russia-China trade will increase tenfold this year

On May 25, the president and chairman of Sberbank, Herman Gref, told the Russian Satellite News Agency a few days ago that after the new crown epidemic, China’s economy reopened and actively promoted the growth of investment.

At the same time, the share of the Chinese currency in Russia’s import and export transactions continues to grow.

It is estimated that by 2023, the volume of RMB transactions handled by the Reserve Bank of Russia will increase by as much as 10 times year-on-year.