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Russia and China intend to increase the volume of direct settlements in national currencies in mutual trade
Russia and China intend to increase the volume of direct settlements in national currencies in mutual trade. This is stated in a joint statement on a new stage of relations of comprehensive partnership and strategic cooperation, signed following the results of Russian-Chinese top-level talks.
"The parties intend to take new steps to increase the level and expand the spheres of Russian-Chinese practical cooperation: to establish close cooperation in the financial sphere, including an increase in the volume of direct settlements in the national currencies of Russia and China in trade, investment and lending," the document says. RIA News.
Countries also intend to deepen the macroeconomic policy dialogue.
In addition, Russia and China will stimulate the growth of mutual investment, including transport infrastructure facilities, the integrated development of mineral deposits, and the construction of economy-class housing on the territory of Russia.