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Russia and China Achieve 95% Trade Settlement in Own Currencies
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Russia and China now settle 95% of their trade in rubles and yuan, bypassing third-country currencies. Despite a slight dip in trade in March-April, bilateral trade surged 26.3% to $240.11 billion in 2023. This milestone exceeds the 2024 target of $200 billion set by leaders Putin and Xi in 2018. The two nations celebrate 75 years of diplomatic ties this October, with the Soviet Union being the first to recognize China in 1949.
| Scores | Value | Explanation |
|---|---|---|
| Objectivity | 5 | Balanced reporting with factual support. |
| Social Impact | 5 | Significant influence on public opinion. |
| Credibility | 5 | Solid evidence from authoritative sources. |
| Potential | 6 | High potential for significant changes. |
| Practicality | 4 | Highly practical and applicable. |
| Entertainment Value | 2 | Slightly monotonous with few entertaining elements. |