Russia said: The most important future goal is integration with the Chinese market
News_Code: 355431 9/15/2021 9:22:32 AM
Russia said: The most important future goal is integration with the Chinese market
Russia's new development strategy shows that its officials have made integrating their financial market with the Chinese financial market their top priority.
 

According to Rashatody, Russia's new development strategy shows that the Russian authorities have made integrating their financial market with the Chinese financial market their top priority.

A document released Monday by the Cabinet of Ministers of Russia and the Central Bank of Russia states: "Our priority is to develop integration with Asian markets, and first of all, the Chinese financial market. With the help of the Central Bank of Russia, the integration of the financial markets of Russia and China will continue."

The document sets out the Russian market strategy for 2030, intending to build an independent Russian-Chinese infrastructure to facilitate the access of Russian and Chinese investors to the securities and financial markets of both countries. According to this strategy, the share of national currencies of the two countries in bilateral payments will increase.

At the same time, the document emphasizes that Russia is seeking financial integration with other Asian countries other than China.

According to the strategic document, programs are designed to facilitate Russian financial intermediation with foreign banks and investors to increase Moscow's role as an international financial center.