National currencies account for nearly 100% of Russia-China settlements
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Russian and Chinese settlements are now conducted almost entirely in their national currencies. Deputy Finance Minister Ivan Chebeskov stated that the necessary payment mechanisms are already in place. He also noted that the ability to use these systems is guaranteed by law.
Russian Deputy Finance Minister Ivan Chebeskov also pointed out that "all payment mechanisms have already been established, and the ability to use them is also ensured at the legislative level"