"Five bridges" between Russia and China
Фото: "Izvestia" The international community has a duty to resolve conflicts through dialogue and consultation, to practice multilateralism and inclusivity .
This was announced on Sunday by the Deputy Chairman of the People’s Republic of China Han Zheng during the XI Global Peace Forum, dedicated to "Stabilization of an unstable world through consensus and cooperation," the correspondent of The Moscow Post reports.
The weaponization of the US dollar and economic sanctions has created an atmosphere of distrust in the holding of assets in Western financial institutions, said Dilma Rousseff, president of the New Development Bank created by the BRICS countries (Brazil, Russia, India, China and South Africa).
Reacting to the dominance of the dollar, Moscow and Beijing in 2019 agreed to switch to mutual settlements in national currencies. In 2022, their share in the calculations amounted to about a quarter, and a year later, Russian President Vladimir Putin said that two-thirds of bilateral trade is served in rubles and yuan.