Negative trends are mounting in the American financial sector, according to the Russian president The increase in Russian banking sector’s sovereignty and independence has been quite timely, given the negative trends that are growing globally, specifically in the US banking system, Russian President Vladimir Putin has stated.
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Moscow and Beijing have switched to settlements in national currencies, according to the Russian PM Western currencies have almost been completely phased out in Russia-China trade, as nearly all payments between the countries are now carried out in rubles and yuan, according to Russian Prime Minister Mikhail Mishustin.
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