Source: Rosneft – An important disclaimer is at the bottom of this article.
Trade settlements between Russia and China have been almost entirely converted to national currencies in recent years, said Igor Sechin, Executive Secretary of the Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.
“In recent years, settlements between Russia and China have been almost entirely converted to national currencies, and the share of dollar and euro has decreased to the level of a statistical error,” he noted at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.
According to him, since 2010, the yuan’s share of China’s foreign trade has grown from 2% to 52%, while the dollar’s share has fallen almost by half – from 83% to 43%.
Department of Information and Advertising
Rosneft Oil Company
November 25, 2025
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