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Roughly 70% of all transactions between the two nations are carried out in the ruble and yuan, a prominent businessman has told RT Western sanctions have provided further impetus for Russia and China to develop trade ties, with the use of national currencies in transactions between the two nations also having a significant impact, Zhou…

Local entrepreneurs were able to quickly replace foreign firms, Anton Siluanov has claimed Russian businesses were surprisingly quick to replace Western firms that left the country amid sanctions over the past year, Russian Finance Minister Anton Siluanov said while speaking at the St. Petersburg International Economic Forum (SPIEF 2023) on Thursday.