Will Russia remonetize in gold?

The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow’s international standing, and possibly for the long-term.

Yet, it is precisely such conditions that may push the country’s leadership into … Read the rest

China starts payments with Russia in national currencies

China will start swaps and forwards between the yuan and the national currencies of Russia, Malaysia and New Zealand on December 29, the China Foreign Exchange Trade System (CFETS) reported Friday.

Earlier in December, China’s Minister of Commerce Gao Hucheng … Read the rest

China ready to help Russia says foreign minister

Chinese Foreign Minister Wang Yi said Monday that China is ready to help Russia overcome its economic difficulties.

Beijing is willing to help Moscow and believes that Russia “has the ability and the wisdom to overcome the current economic difficulties,” … Read the rest