
Russia and China have found a workaround for payments as US sanctions expand, according to sources, Reuters reports. The sanctions, which recently targeted the only Russian bank branch in China, have narrowed trade options between the two countries. However, President Vladimir Putin's visit to China last month has helped ensure there are payment alternatives. Intermediaries for payments to China have increased their charges to Russian companies from 3-6% to 10% of the invoiced amount since the start of the year. China's yuan is expected to take over as Russia's main trade currency as US sanctions tighten. China opposes unilateral sanctions and maintains its right to normal trade and economic ties with Russia based on equality and mutual benefit.
China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says https://t.co/MZipiVAfXp
China always firmly stands with the Group of 77 in safeguarding international fairness and justice, and in defending and expanding the common interest of developing countries and countries around the world, a Chinese foreign ministry spokesperson said https://t.co/LSrhexbAk8 https://t.co/ekI252Kf3W
⚡️ Russia, China found workarounds for payments despite sanctions, Reuters reports. https://t.co/vX0ic7Ztob




