Russia reorients foreign trade flows and sends 60 percent of its exports to Asian countries.
This was stated by the Minister of Finance of the Russian Federation Anton Siluanov at a meeting with the Chinese colleague Lan Foan in Beijing, the Russian state media reported on Monday.
“The Russian Federation is now in the stage of reorientation of foreign trade flows, primarily in our closest, friendly countries, first of all, it is a Chinese People’s Republic. Today our exports to Asia countries are almost 60%, some time ago this indicator was two times lower, ”said the head of the department.
Siluanov recalled that according to the results of 11 months of 2023, the trade turnover between the PRC and the Russian Federation has already exceeded $ 200 billion.
“significantly increased into our country and the import of goods from China, which is extremely important for us,” the head of the Ministry of Finance said.
Moscow is interested in the fact that investors from the Russian Federation and China be present in each other’s financial markets, he emphasized.
Russia and China created a special estimated infrastructure for mutual trade calculations in national currencies, Siluanov said.
“It is extremely important for us that in our trade more than 90% of the turnover is carried out in national currencies, in Chinese yuan and Russian rubles, – said the head of the Ministry of Finance.
According to the minister, a calculated infrastructure is created and necessary, which provides mutual trade.
The growth of trade, which occurs, “despite those challenges, turbulence, fragmentation of the world economy,” is a consequence of the stability of the economies of the two countries, added silwo.
.