Sino-Russian currency swap agreement

currency swap is a transaction in which the People's Bank of China (the People's Bank of China) and foreign central banks (monetary authorities) exchange their respective holdings of currency in accordance with pre-agreed rules, and then exchange the principal and pay interest to each other at maturity. With the approval of the State Council, on October 13, 2014, the People's Bank of China and the Central Bank of the Russian Federation signed a bilateral local currency swap agreement with a scal

Sino-Russian trade is about 0.2 billion US dollars, and China has become Russia's largest trading partner for 13 consecutive years!

the new pattern between China and Russia

, China and Russia have completely joined hands, not allies but better allies!