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Russian Prime Minister welcomes financing in national currencies between Moscow, Beijing

November 05, 8:10 UTC+3 SHANGHAI

Medvedev, who is on an official visit to China, pointed out that relations between Russia and China were strong as never before

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SHANGHAI, November 5. /TASS/. Moscow and Beijing are doing the right thing boosting credit financing in national currencies, Russian Prime Minister Dmitry Medvedev said at the opening ceremony of the first China International Import Expo in Shanghai on Monday.

Medvedev, who is on an official visit to China, pointed out that relations between Russia and China were strong as never before.

"They don’t depend on the current economic and political situation as they are based on mutual respect, including that of each other’s interests," the Russian prime minister said. "It paves the way for the development of trade, economic and investment ties, as well as for the use of national currencies in trade. I believe it is a right thing to boost credit financing in yuans and rubles," Medvedev said, referring to investment projects.

Moreover, in his words, the use of national currencies "makes it possible to ensure stability of international economic relations and Russian-Chinese ties in a situation where reserve currencies are becoming a less reliable global trade tool.

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