ICYMI - Russia and China are partnering to reduce their dependence on the US dollar
During Q1 2020 the dollar's share of trade between Russia and China fell below 50% for the first time ever
Data via from Russia's Central Bank and Federal Customs Service, reported in the Nikkei overnight.
- USD used for 46% of settlements between the two countries
- Use of the euro hit an all-time high of 30%
Link here for more.
Bilateral trade between the two countries has moved to use the US dollar less and less.