Wang Yi's words were confirmed by the head of the Chinese Ministry of Trade, Gao Hucheng. He said that the Chinese authorities are ready to consider the option with an increase in the currency swap between the two states, and also suggested using the yuan more in calculations for mutual trade operations.
Recall, two months ago, the governments of Russia and China signed a three-year agreement on the establishment of a currency swap of 150 billion yuan, which in ruble terms is 815 billion. Within the framework of the signed agreement, direct currency exchange between the countries as possible, excluding the unprofitable conversion of the national currency to the dollar.
Meanwhile, the devaluation of the ruble continues to negatively affect all areas of the Russian economy, while the Central Bank, in cooperation with the government, is trying to find ways to stop the ruble collapse and to stop panic in the foreign exchange market.
