Putin says mutual payment settlements are main challenge to Russia-China trade

Record ID: 1863365

  • Title: Putin says mutual payment settlements are main challenge to Russia-China trade
  • Date: 4th December 2024
  • Summary: MOSCOW, RUSSIA (DECEMBER 4, 2024) (RUSSIAN POOL) RUSSIAN PRESIDENT VLADIMIR PUTIN SPEAKING AT 'RUSSIA CALLING' ECONOMY FORUM (SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING: "The main problem that we have today is the problem of mutual settlements. There are no secrets here. It is clear why (we have this problem). But almost 90% of our trade turnover is serviced in national currencies, in yuan and in rubles. And besides this, we will also use the electronic capabilities of our central banks. Currently, active work between central banks is carried out at the expert level. Plus this investment platform that I spoke about within the BRICS framework. We will use all these and other possible tools to ensure that our cooperation is reliable, safe and creates broad prospects for development." AUDIENCE MEMBER LISTENING
  • Embargoed: 18th December 2024 14:52
  • Keywords: China Putin Russia Russia calling forum mutual settlements trade
  • Location: MOSCOW, RUSSIA
  • City: MOSCOW, RUSSIA
  • Country: Russia
  • Topics: Europe,Government/Politics
  • Reuters ID: LVA001469704122024RP1
  • Aspect Ratio: 16:9
  • Story Text: The primary challenge to Russia-China trade is mutual payment settlements, Russian President Vladimir Putin said on Wednesday (December 4).
    Putin said that the central banks of both countries were now actively working to address the issue.
  • Copyright Holder: POOL (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2024. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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