Significant reduction in the dollar and euro share in trade between Russia and China from Putin – Mehr News Agency | Iranian and world news

Russian President Vladimir Putin, who is due to attend the event, announced the elimination of the dollar and the euro from Moscow and Beijing, according to Mehr News Agency.

In response to the positive results of the practical cooperation between China and Russia in sectors such as energy, agriculture, automotive and infrastructure projects in recent years, he said: “The economic relations between Russia and China have reached an unprecedented level.” Bilateral trade between the two countries has grown by about $ 5 billion since the year.

Putin emphasized: In terms of trade volume, China is Russia’s main partner, and it ranked fifth among China’s top foreign partners last year.

The Russian president added: “I emphasize that although trade figures are carried out in terms of dollar equivalent, the transactions between Russia and China with rubles and yuan have been reduced and the dollar and euro share have been reduced to a small statistical error.”

He continued: Russia has maintained its position as the main exporter of oil and gas to Russia. Since the launch of the Serbian Power Pipeline in year 2, the delivery of natural gas has exceeded more than 2 billion cubic meters. We are planning to launch another large gas route called the Far East. We are also working seriously on natural gas projects in the Russian North.

Iranian President Putin and Massoud Mediian, along with North Korean leader Kim Jong Un, will participate in the Chinese victory day on September 3.