Russia-China trade relation - ING
|Analysts at ING Bank explained that Their key observation in the case of Russia-China trade relations is the role of local currencies is somewhat higher than for Russia-non-CIS but much lower than for Russia-CIS.
Key Quotes:
"This could be seen as an important indicator of the prospects for de-dollarization of Russia's international trade."
"The political will and the financial infrastructure indeed sets the stage for a higher role of national currencies in the bilateral trade, yet in order to achieve stronger results, more diversification of the product mix on both the export and import sides is needed."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.