economy
April 4, 2026
Russia Almost Completed Transition to National Currencies in Payments to CIS, China
Deputy Prime Minister Alexey Overchuk said the issue of creating a system of payments and settlements not depending on the banking service and currencies of Western countries is the critical area of Eurasian cooperation.
TL;DR
- Russia has almost completed the transition to mutual payments in national currencies with CIS, EAEU, and China.
- This transition is a critical area of Eurasian cooperation.
- The goal is to create a payment system not dependent on Western banking services and currencies.
- As of 2025, 91% of mutual payments are projected to be in national currencies with CIS.
- 93% of mutual payments are projected to be in national currencies with the EAEU.
- 95% of mutual payments are projected to be in national currencies with China.
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