100 Chinese Yuan. close up Russian companies have increasingly turned to China and India to sell products originally intended for U.S.-allied markets in recent months due to Western sanctions against Moscow, China’s state-run Global Times reported on Tuesday, noting that these alternative transactions are often settled in local currencies.
Many Russian products, including oil and fertilizer, originally produced for Japanese and South Korean markets “are now being exported to China and India after US-led broad economic sanctions against Russia,” a manager for the Russian Asian Union of Industrialists and Entrepreneurs surnamed Wang told the Global Times on June 21.
“Most of […]
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