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World News@lemmy.mlEnglish · 8 days ago

Russia and China Now Settle 95% of Trade Without Dollars as De-Dollarization Completes

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Russia and China Now Settle 95% of Trade Without Dollars as De-Dollarization Completes

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World News@lemmy.mlEnglish · 8 days ago

Russia’s Deputy PM said 95% of Russia-China trade now settles in rubles and yuan, while the dollar’s share has fallen to just 5%.

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Vassalage is when strategic partnership rooted in complimentary economic fundamentals

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