95% of Russia-China trade is settled in local currencies, reducing the risk of reliance on the US dollar.

【Russian President's Special Representative: Russia and China have shifted to 95% settlement in local currencies】

At Beijing Time on November 24, 2025, Boris Titov, special representative of the President of the Russian Federation for relations with international organizations on sustainable development goals, and co-chairperson of the Russia-China Friendship, Peace and Development Committee (RCCMR), stated at the Sixth Russia-China Entrepreneurs Forum:

An important tool to resist Western pressure is that currently 95% of our transactions between the two countries are conducted in local currencies. This reduces dependence on the US dollar, minimizes the risk of sanctions pressure and exchange rate fluctuations. It lays a reliable foundation for further deepening cooperation, especially against the backdrop of global turbulence.

Original article: www.toutiao.com/article/1849648086799367/

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