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The currency now makes up more than half of Moscow’s export settlements, according to statistics The share of ruble transactions in Russia’s foreign trade, particularly with the rest of Europe, has been steadily growing, hitting record highs in March, according to data from the country’s central bank.

Russia’s current relationship with China allows for full-spectrum cooperation in the tech sector, including with regards to its military applications, President Vladimir Putin told a Chinese entrepreneur on Thursday during a panel discussion at VTB Bank’s ‘Russia Calling!’ forum.