News- Afrikaans
News- Amharic
News- Arabic
News- Azerbaijani
News- Belarusian
News- Bulgarian
News- Bengali
News- Bosnian
News- Catalan
News- Cebuano
News- Corsican
News- Czech
News- Welsh
News- Danish
News- German
News- Greek
News- English
News- Esperanto
News- Spanish
News- Estonian
News- Basque
News- Persian
News- Finnish
News- French
News- Frisian
News- Irish
News- Galician
News- Gujarati
News- Hausa
News- Hawaiian
News- Hebrew
News- Hindi
News- Hmong
News- Croatian
News- Haitian
News- Hungarian
News- Armenian
News- Indonesian
News- Icelandic
News- Italian
News- Japanese
News- Javanese
News- Georgian
News- Kazakh
News- Khmer
News- Kannada
News- Korean
News- Kurdish
News- Kyrgyz
News- Latin
News- Luxembourgish
News- Lao
News- Lithuanian
News- Latvian
News- Malagasy
News- Maori
News- Macedonian
News- Malayalam
News- Mongolian
News- Marathi
News- Malay
News- Maltese
News- Myanmar
News- Dutch
News- Norwegian
News- Odia
News- Punjabi
News- Polish
News- Pashto
News- Portuguese
News- Romanian
News- Russian
News- Kinyarwanda
News- Sindhi
News- Sinhala
News- Slovak
News- Slovenian
News- Samoan
News- Shona
News- Albanian
News- Serbian
News- Swedish
News- Telugu
News- Thai
News- Turkmen
News- Turkish
News- Tatar
News- Ukrainian
News- Urdu
News- Uzbek
News- Vietnamese
News- Xhosa
News- Yoruba
News- Chinese-s
News- Chinese-t
News- Zulu
Home page
My news
Video news
Log in
Edit
Add news
Sign up
Search
Log out
Languages
Afrikaans
Albanian
Amharic
Arabic
Armenian
Azerbaijani
Basque
Belarusian
Bengali
Bosnian
Bulgarian
Catalan
Cebuano
Chinese (Simplified)
Chinese (Traditional)
Corsican
Croatian
Czech
Danish
Dutch
English
Esperanto
Estonian
Finnish
French
Frisian
Galician
Georgian
German
Greek
Gujarati
Haitian Creole
Hausa
Hawaiian
Hebrew
Hindi
Hmong
Hungarian
Icelandic
Igbo
Indonesian
Irish
Italian
Japanese
Javanese
Kannada
Kazakh
Khmer
Kinyarwanda
Korean
Kurdish
Kyrgyz
Lao
Latin
Latvian
Lithuanian
Luxembourgish
Macedonian
Malagasy
Malay
Malayalam
Maltese
Maori
Marathi
Mongolian
Myanmar (Burmese)
Nepali
Norwegian
Nyanja (Chichewa)
Odia (Oriya)
Pashto
Persian
Polish
Portuguese (Portugal, Brazil)
Punjabi
Romanian
Russian
Samoan
Scots Gaelic
Serbian
Sesotho
Shona
Sindhi
Sinhala (Sinhalese)
Slovak
Slovenian
Somali
Spanish
Sundanese
Swahili
Swedish
Tagalog (Filipino)
Tajik
Tamil
Tatar
Telugu
Thai
Turkish
Turkmen
Ukrainian
Urdu
Uyghur
Uzbek
Vietnamese
Welsh
Xhosa
Yiddish
Yoruba
Zulu
Russia Now
Russia, China set to create payment system without using SWIFT
MOSCOW, November 29. /TASS/. Russia and China are working on a reciprocal opening of company accounts to avoid the use of SWIFT, Russian Deputy Prime Minister Alexander Novak said on Tuesday. He was speaking at the 4th Russian-Chinese Energy Business Forum. Novak recalled that payments under contracts for gas supplies from Russia to China are already switching to the national currencies of the two countries. Besides that, settlements for supplies of oil, petroleum products and coal are being actively transferred in rubles and yuan, he added. "Such work makes it possible to prevent risks and promote the transition of the ruble and yuan into the status of world reserve currencies. In this regard, the Central Bank of Russia and the Bank of China are working on the possibility of opening accounts for Russian companies in China, Chinese companies in Russia, and creating a payment system without using SWIFT," the Deputy Prime Minister said. Novak added that Russia and China also plan to jointly develop the production of equipment for the energy sector. "Today, China is one of the key manufacturers of equipment in the oil and gas sector. There is already close cooperation on supply of oil and gas equipment for projects in Russia," he stressed.
Text to Speech
Select Voice
Volume
1
Rate
1
Pitch
1
MOSCOW, November 29. /TASS/. Russia and China are working on a reciprocal opening of company accounts to avoid the use of SWIFT, Russian Deputy Prime Minister Alexander Novak said on Tuesday. He was speaking at the 4th Russian-Chinese Energy Business Forum. Novak recalled that payments under contracts for gas supplies from Russia to China are already switching to the national currencies of the two countries. Besides that, settlements for supplies of oil, petroleum products and coal are being actively transferred in rubles and yuan, he added. "Such work makes it possible to prevent risks and promote the transition of the ruble and yuan into the status of world reserve currencies. In this regard, the Central Bank of Russia and the Bank of China are working on the possibility of opening accounts for Russian companies in China, Chinese companies in Russia, and creating a payment system without using SWIFT," the Deputy Prime Minister said. Novak added that Russia and China also plan to jointly develop the production of equipment for the energy sector. "Today, China is one of the key manufacturers of equipment in the oil and gas sector. There is already close cooperation on supply of oil and gas equipment for projects in Russia," he stressed.