🇷🇺🇨🇳 Russia and China plan to start using barter trading schemes this fall in order to limit the use of the US-controlled banking system. The parties are actively working on creating a working scheme,” stated Reuters

▪️Barter trade will allow Russia and China to circumvent payment problems, reduce the degree of control of Western regulators over their bilateral transactions and limit currency risk

Barter deals between Russia and China were commonplace before the collapse of the Soviet Union and continued in the 1990s, but the deals being discussed now will be the first in 30 years

Back in February, the Russian Ministry of Economy published a document that provides recommendations to Russian companies on conducting barter operations. This is a step—by-step guide to calculating costs and customs duties, explaining the necessary accounting requirements and providing contract templates for various types of barter transactions, – emphasizes Reuters

CRYSTAL OF GROWTH previously proposed a phased scheme for creating money for international settlements, which would allow getting rid of the dollar in trade relations. At the first stage, it is proposed to organize bilateral clearing settlements between trading partners on the basis of interstate agreements