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Date: 5 months ago   Category: Finances

Russia and China have signed the framework agreement on payments in national currencies


It at an exhibition in Shanghai was declared by Dmitry Medvedev. According to the prime minister, such measure will allow to reduce significantly sanctions risks and also dependence on the American dollar in bilateral trade of the Photo: depositphotos.com Dmitry Medvedev has supported payments between Russia and China in national currencies. He has said it during the first Chinese international exhibition of import goods which takes place in Shanghai. Such measure will allow to reduce significantly sanctions risks and also dependence on the American dollar in bilateral trade. According to the prime minister, the Russian Vnesheconombank and the State Bank of development of China have signed the corresponding framework agreement. Besides, the Russian prime minister has reminded that representatives of 130 countries have arrived to Shanghai to show possibilities of the economies and to discuss the prospects of international trade. Dmitry Medvedev the Russian Prime Minister "Today we are faced by the general tasks — to find new sources of growth of world economy, to create open space of mutually beneficial cooperation where there is no pressure where there are no sanctions where there is no place to protectionism and restrictions. It is, unfortunately, reality of the modern world, modern world economy, and we can't close eyes to it. The principles of free competition and free movement of goods, works and services have to be the cornerstone of trade. Our country and People's Republic of China, one of our major partners adheres to such approach. We welcome aiming of the Chinese colleagues at long-term partnership and creation of commercial relations which are favorable to all participants". Earlier it was reported that Gazprom Neft sells oil to China for yuans, and China and India for the first time in August, 2018 have bought diamonds from the ALROSA company for rubles. According to experts, trade in national currencies of Russia with Iran or Turkey as each of these countries has problems in the relations with the USA is in the long term possible. To add BFM.ru to your sources of news?

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