Economy / FinanceAsiaPoliticsRussia

Sanctions May Speed Russia and China Switching to National Currencies, Says Russian Ambassador


Possible financial sector penalties imposed by the United States and other Western countries may accelerate Russia and China’s transition to national currencies in trade settlements, but a complete shift is not expected, Russian Ambassador to China Andrey Denisov said on Tuesday.

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January 25th, 2022: Statement by Donald J. Trump, 45th President of the United States of America

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