Russia-China trade relation - ING

Ross J Burland FXStreet

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."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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