Russia-China Trade Settled Mainly in Rubles and Yuan, Says Ambassador

In a statement released in Moscow, Russian Ambassador to China Igor Morgulov confirmed that almost all trade between the two countries is settled in rubles and yuan. "We oppose illegitimate restrictions and protectionism," Morgulov said, emphasizing the growing economic cooperation amid international sanctions.

Morgulov highlighted the resilience of bilateral trade, noting that the use of local currencies helps both nations mitigate external pressures. He reiterated Russia’s stance against what it calls unjust trade barriers.

The ambassador’s remarks come as both countries seek to strengthen economic ties in the face of Western sanctions, underscoring a broader strategy to diversify trade partners.