![]() ![]() Above Photo: Russian Prime Minister Dmitry Medvedev (left) and Chinese Premier Li Keqiang in Beijing’s Great Hall of the People earlier this month. Photo: EPA • Cross-border pact in development for direct trade payments in the yuan and the rouble • Impetus for move is threat of more economic sanctions by the US China and Russia are drafting a pact to boost the use of their national currencies in bilateral and international trade, underscoring their intent to cut their reliance on the US dollar. For many of us who lead busy lives sometimes the time it takes to read through pages and pages of text can be more exhausting than we would like. 6 Views this week Updated Nov 29th, 2018 To assist you in your binary options journey we thought we would make it a bit easier by displaying the various aspects of trading in images! The following page contains some useful infographics that should give you the information you need in a way that's a little easier to digest. Binary options pictures. Forex The Dollar In Russia Today![]() The development of a new international financial payments system aims to address rising concerns over additional US sanctions and trade tariffs. Russian Prime Minister Dmitry Medvedev, during his visit to China earlier this month, said the two nations were discussing the launch of a new cross-border system for direct payment of trade invoices in the yuan and the rouble. He also said discussions were under way to allow the use of China’s UnionPay credit card in Russia and Russia’s Mir card in China. Kurs Dollar In RussiaThe impetus for creating a new financial infrastructure is the continued deterioration in both countries’ relations with the United States and the threat that Washington will impose more economic sanctions on one or both of them. “The Chinese should protect their system while Russia should protect its own system,” Medvedev said earlier this month, ahead of the 22nd regular meeting of Russian and Chinese heads of government. “In this respect, this kind of cooperation is very useful because in this situation no one will be able to block the development of financial traffic,” he said, predicting that China-Russia bilateral trade would reach US$200 billion in 2020, double the US$100 billion level in 2014. The US, European Union and other Western countries imposed sanctions on Russia officials and businessmen after its forceful annexation of Crimea in 2014. Many Russian and Chinese firms have also been fined or put on a blacklist by US authorities for violating US sanctions law. For instance, Chinese telecommunications equipment maker ZTE Corp was fined US$1.4 billion fine in June for shipping goods to Iran and North Korea in violation of those sanctions. Medvedev made clear the payment system initiative was an attempt to move away from the current dollar-dominated financial system.
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