Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
Matviyenko to visit UAE to participate in Forum of Women Speakers of ParliamentRussian Politics & Diplomacy December 10, 3:21
Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
Russia’s figure skater Medvedeva leads with world record after SP at Grand Prix finalsSport December 10, 1:28
Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
HARBIN, July 02. /ITAR-TASS/. Russia and China should more actively use their national currencies in mutual transactions, Russian trade commissioner in China Alexei Gruzdev told Itar-Tass on Tuesday after a financial forum organized by Russia’s Sberbank within the framework of the Russian-Chinese EXPO.
“The role of the two countries’ banking institutions in backing bilateral trade and serving contract deals is growing,” he said. “This subject [transactions in national currencies - Itar-Tass] was widely highlighted last year; efforts are being taken to involve more banking institutions from both Russia and China in this work. The share of the yuan-rouble settlements is steadily growing, and in this context, the experience of the province Heilongjiang is most exemplary.”
This province, according to the Russian trade commissioner, is the leader in terms of making settlements in the Russian and Chinese national currencies. “Along with taking part in interbank settlement, Bank of Harbin is authorized to execute trans-border cash movements, which is very important in border trade,” Gruzdev noted. “So, we plan to consolidate success and take active steps to involve more institutions in these services.”
Gruzdev stressed that communication with representatives of the business community demonstrated that “this sphere [transactions in national currencies] is very interesting to them.” “It will help avoid extra losses in currency conversion, so they are interested in favourable conditions for the use of the rouble and yuan in mutual transactions,” he stressed.
“Last year, the share [of mutual settlements in the bilateral trade] increased although it is inconsiderable if we speak about the overall trade turnover,” he noted. “Whereas in 2012, according to our estimates, the share of mutual settlements in roubles and yuans was slightly more than four percent, in 2013, it reached 6.8% In border territories, this share is, of course, higher - last year it neared 19% So, the tendency in general is rather good.”
Trade turnover between Russia and China in 2014 is expected to reach 95 billion U.S. dollars.