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China and Russia Sign Yet Another Trade Agreement Avoiding the U.S. Dollar.

2,367 views · Published 21 May 2014 · 2:47 · Indexed 12 November 2026

Channel: MoneyBags73 · 2014 · News & Politics

VTB, Russia's second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies.

"Under the agreement, the banks plan to develop their partnership in a number of areas, including cooperation on ruble and renminbi settlements, investment banking, inter-bank lending, trade finance and capital-markets transactions," says the official VTB statement.

Click here for a link to the article: http://moneybagsworld.blogspot.com/2014/05/russias-vtb-and-bank-of-china-agree-on.html

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China and Russia Sign Yet Another Trade Agreement Avoiding the U.S. Dollar.

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