Russian President Vladimir Putin and Chinese President Xi Jinping hold talks at the Grand Kremlin Palace with the participation of delegations in an expanded format, reports RIA Novosti.
During the open part of the meeting, Putin mentioned the use of national currencies. He feels they should be used in mutual settlements. And in settlements with third countries use the yuan.
“National currencies are increasingly used in mutual trade. This practice must be further encouraged, just as the mutual presence of financial and banking structures on the markets of our countries must be expanded. <...> We support the use of the Chinese yuan in settlements between Russia and countries in Asia, Africa and Latin America. I am sure that these forms of payment will be developed between Russian partners and their counterparts in third countries, ”said the Russian leader, quoted by RIA Novosti. The president also mentioned the possibility for Russian entrepreneurs to cover China's growing energy needs, as Russia is a strategic supplier of oil, natural gas, including liquefied gas, coal and electricity to China. . “The construction of the nuclear power plants is proceeding according to schedule. Russian companies are able to meet the growing demand of the Chinese economy for energy resources, both within the framework of ongoing projects and those currently being coordinated,” Putin added. He announced that Moscow and Beijing have already agreed on almost all the parameters of the Power of Siberia 2 project, through which 50 billion cubic meters of gas per year could pass through Mongolia. Putin called the small-format talks meaningful and the exchange of views "on prospects for further development of Russian-Chinese relations and strengthening coordination on the world stage" frank.
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