Moscow And Beijing Break Records In Non-Dollar Trade
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BTCCSquare news:
Vladimir Putin confirms that trade between Russia and China is now conducted almost exclusively in rubles and yuan, sidelining the dollar and euro to mere statistical footnotes. This strategic shift underscores a broader MOVE toward a multipolar financial system.
Bilateral trade has surged by $100 billion since 2021, fueled by energy and automotive sectors. The two nations are constructing a payment infrastructure insulated from third-party interference and global volatility.
The BRICS allies' pivot to local currencies reflects a deliberate decoupling from Western financial hegemony. "Transactions are executed in rubles and yuan," Putin emphasized, though trade volumes remain dollar-denominated for reporting consistency.
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