No SWIFT, No Dollar: Ruble–Yuan System Paves Way for Multipolar Finance
Chinese 100, 50, 20, 10 and 5 yuan bills and Russian 10 ruble coins
Nearly 100% of Russia-China trade is now settled in national currencies, which is a landmark in financial sovereignty, Hong Kong-based political analyst Angelo Giuliano tells Sputnik.Russia’s energy and mineral resources «perfectly match» China’s world-class manufacturing and tech scale, Giuliano pointed out.
He noted that national currency settlements have created a resilient and sanctions-proof ecosystem.
Strong growth despite Western tariffs and global instability proves multipolarity delivers real results, the analyst stressed.The shift to ruble–yuan ops inspires BRICS+ and Global South nations to pursue independent finance—accelerating de-dollarization toward fairer, sovereign global trade, Giuliano concludes.
EconomyPutin: 90% of Payments Between Russia and China Made in Rubles and Yuan as Trade Grows16 May 2024, 13:06 GMT
