Russian and Chinese national flags on a table at the Great Hall of the People in BeijingMOSCOW, Apr 26 Moscow and Beijing have built the entire infrastructure for the transition to trade in national currencies, the share in settlements has been growing over the past years, Igor Morgulov, Deputy Foreign Minister of the Russian Federation, said in an interview with RIA Novosti. We have built the necessary infrastructure with China in this area: there is a bank authorized to clear yuan in Russia, the ruble-yuan pair is traded on the Moscow Exchange, and an agreement on a currency swap has been concluded between central banks,» Morgulov said.< img src="/wp-content/uploads/2022/04/54d2f8d4c679896db81ddb60cff70842.jpg" />China explained why the US is waiting for a fiasco in an attempt to isolate RussiaHe noted that the share of national foreign currencies in Russian-Chinese trade «grew significantly in recent years.» «In the first half of last year, it amounted to about 25%. I am sure that in the near future we will witness its further rapid growth,» the Deputy Minister emphasized.
