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⇱ Russia almost completed transition to national currencies in payments to CIS, China - Business & Economy - TASS

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Russia almost completed transition to national currencies in payments to CIS, China

Deputy Prime Minister Alexey Overchuk said the issue of creating a system of payments and settlements not depending on the banking service and currencies of Western countries is the critical area of Eurasian cooperation

MOSCOW, April 3. /TASS/. Russia has almost completed the transition to mutual payments in national currencies with countries of the Commonwealth of Independent States (CIS), the Eurasian Economic Union (EAEU) and China, Deputy Prime Minister Alexey Overchuk said.

The issue of creating a system of payments and settlements not depending on the banking service and currencies of Western countries is the critical area of Eurasian cooperation, he noted.

"We have almost completed the transition to mutual payments in national currencies over the last four years. As of 2025, 91% of mutual payments are in national currencies with CIS, 93% with the EAEU, and 95% with the People’s Republic of China, our most important partner," Overchuk stressed.

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