Russia Is Discussing Cross-Border Payments in Digital FX: RIA

Bank of Russia is negotiating with many so-called “friendly” countries cross-border settlements via digital currencies, central bank Governor Elvira Nabiullina says in RIA Novosti interview.

• Reiterates that while Bank of Russia is against using cryptoassets in domestic payments, it supports their use in foreign trade; however, the draft law that makes this possible is still being discussed in the lower house of the parliament
• Share of Chinese yuan in payments for Russian exports has grown by 86 times over the past two years to 34.5%, in imports - by more than 8 times to 36.4%
• Share of BRICS countries ...