Putin urges to switch to national payment platforms in trade with China and Mongolia

Putin urges to switch to national payment platforms in trade with China and Mongolia


Russia’s President Vladimir Putin on Thursday at the SCO summit in Samarkand called for a switch to national payments platforms in trade with China and Mongolia wherever possible.

Putin also noted that the share of settlements in national currencies in Russia's trade with China in the first quarter increased to 27.5%.

"This will make it possible to maximally secure settlements between our states from external risks, including political ones," he stressed.

According to Putin, it is necessary to encourage further development of multifaceted cooperation between the business circles of the three countries, in particular as part of interregional and cross-border cooperation.

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