Against the background of strengthening sanctuction pressure from the United States, Russia began to gradually refuse the dollar. The dollar in the export calculations of Russia in the fourth quarter of last year first fell below 50 and amounted to 48.3 percent, whereas a year earlier exceeded 61 percent, Bloomberg reports.
In many ways, the current situation is due to increasing Russian trade with China: in the fourth quarter, it is more than 80 percent in euros. In recent months, Russian authorities are trying to isolate the economy from American intervention against the background of a growing threat of anti-Russian sanctions, summarizes the agency.
April 15 Washington introduced new sanctions against Russia. Part of the restrictions touched the Russian public debt. Since June 14, American companies will directly acquire Russian debt obligations issued by the Central Bank, the National Welfare Foundation or the Ministry of Finance. However, they will still be able to buy and sell Russian government bonds in the secondary market. American investors and experts called such sanctions too soft.
China, in turn, prepared to support Moscow. The representative of the Ministry of Foreign Affairs of the People’s Republic of China Wanbin assured that “in matters of protection of the state sovereignty of the PRC and Russia will provide each other support.” At the same time, Beijing hopes that Washington and Moscow will be able to begin a constructive dialogue and eliminate disagreements on the principles of mutual respect, indicated Van.