The influence of the emerging economies is on the rise, says Wang Wen from the Chongyang Institute Trade between BRICS partners, Russia and China, has been hitting record highs despite Western sanctions, Executive Dean of the Chongyang Institute for Financial Studies (RDCY) Wang Wen told RT on the sidelines of the Eastern Economic Forum in…
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One of Russia’s top banks, VTB has become the first lender in the country to launch money transfers to China in yuan, sidestepping the global financial messaging system SWIFT. “The new reality is leading to a massive abandoning of the use of the US dollar and the euro in international payments,” VTB CEO Andrey Kostin…
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The partnership between the two nations is growing, according to Deputy Chairman of the Russian-Chinese Friendship Society Moscow and Beijing have significantly boosted trade cooperation and mutual investment in recent years, Deputy Chairman of the Russian-Chinese Friendship Society, and member of the Russian International Affairs Council, Sergey Sanakoev told RT. He described the two countries’…
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