by Angeline Tan, The New American:

During a meeting on December 21 with his Chinese counterpart, Li Qiang, Russian Prime Minister Mikhail Mishustin declared that Western currencies have almost been completely eliminated for Russia-China trade, as nearly all payments between the countries are now conducted in rubles and yuan.

The Russian PM made these remarks during a two-day visit to Beijing for a scheduled meeting of Russian and Chinese heads of government.

“We continue to increase the share of national currencies in mutual settlements. If in 2020 this figure was about 20%, then this year we have actually completely gotten rid of the currencies of third countries in mutual settlements,” Mishustin disclosed.