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Russia and China agree to settle more trade in their own currencies

IMG Auteur

Chris Powell

GATA

Published : September 10th, 2014

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FOLLOW : China Russia Yuan

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Category : GoldWire


	BEIJING -- Russia and China pledged on Tuesday to settle more bilateral trade in ruble and yuan and to enhance cooperation between banks, First Deputy Prime Minister Igor Shuvalov said, as Moscow seeks to cushion the effects of Western economic sanctions. Shuvalov told reporters in Beijing that he had agreed on an economic cooperation pact with Chinese Vice Premier Zhang Gaoli that included boosting use of the ruble and yuan for trade transactions. The pact also lets Russian banks set up accounts with Chinese banks, and makes provisions for Russian companies to seek loans from Chinese firms. ... ... For the remainder of the report: http://www.reuters.com/article/2014/09/09/us-...USKBN0H40X02...

Data and Statistics for these countries : China | Russia | All

Gold and Silver Prices for these countries : China | Russia | All

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Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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