China/Russia. China, Russia expand trade settlements in local currencies to counter US dollar hegemony (Global Times)

Renminbi Photo: VCG

Renminbi Photo: VCG

A major Russian oil company has started to move away from the US dollar to the yuan in settlements in China, the latest move in the irreversible trend that China and Russia are accelerating their de-dollarization push to enhance the security and convenience of China-Russia trade against potential unilateral US sanctions, experts said on Sunday.

China, Russia expand trade settlements in local currencies to counter US dollar hegemony – Global Times

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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