- Russian PM Medvedev calls for more yuan-rouble settlements
What, hoping China helps you bail out your beleagured currency you mean ?! Just teasing folks, before you all queue up to put the boot in!
- PBOC and Central Bank of Russia have today signed a 3-year, 150bln yuan bilateral local-currency swap deal
- deal can be expanded if both parties agree
- deal aims to make bilateral trade and direct investment more convenient and promote economic development in the two nations
Seems from other comments that Medvedev is keen for Chinese help on a various number of matters including a gas supply route heading west next year
Don’t worry Mr President. I’ve got a cunning plan…
