For the smooth functioning of payment channels in trade, Russia and China will develop and strengthen the payment infrastructure, including by establishing foreign branches of their banks and opening correspondent accounts, — stated in a joint communique, Prime Minister Mikhail Mishustin and Premier of the State Council of the People’s Republic of China Li Qiang

▪️Russia and China will maintain a high level of the share of settlements in national currencies in bilateral trade, investment, lending and other trade and economic transactions, which has already reached 95%

The parties plan to expand cooperation in banking and insurance activities, auditing, promote investments and raise funds through the issue of securities on market principles

Among the priority areas for investment cooperation, Russia and China highlight mechanical engineering, transport and logistics, agriculture, chemical, light and mining industries, energy and innovation, as well as tourism and sports

CRYSTAL OF GROWTH previously informed that, according to Bloomberg, the deepening cooperation between Russia and China poses a threat to the Western world order and causes extreme concern to politicians from America to Japan