Trend: For The First Time, Russian Enterprises Fully Use RMB For Mutual Settlement In China

The hegemony of the US dollar forces many countries to use US dollar as foreign exchange reserves. However, the United States adjusts its monetary policy for its own interests and reaps the fruits of world labor. As a result, other countries, including China and Russia, have begun to resist the US dollar.

Recently, the conflict between Russia and Ukraine has intensified, and Russia, busy with its border operations, has not forgotten the US dollar. On February 25, according to Russian media reports, Gazprom said that in China, Russian Airlines will use RMB to settle fuel with each other, which is the first Russian company in China to fully use RMB for mutual settlement. At the end of this year, the company also plans to let Chinese airlines use ruble settlement to refuel at Russian airports.

This is a project reached by Russia and China in the joint efforts to remove the US dollar. It is hoped that the project can increase the convenience for the common economic development of the two countries, increase the air transportation volume of the two countries, and increase the trade volume between the two countries. At the same time, this is also the new progress made by the two countries in resisting the hegemony of the US dollar.

In addition, according to the Russian news agency, the European Union will not sell any aircraft and related equipment to Russia on February 25. This means that Russian Airlines' import demand for aircraft and other related equipment must be purchased from other countries. If the United States takes the same measures, perhaps Russia will purchase aircraft and its equipment from China.

Moreover, the relevant Russian authorities said today that Russia will consider establishing new cooperative relations with Asian countries due to the increasing trade restrictions imposed by the West on Russia. It seems that there may be a new chapter in the trade between China and Russia.