Russia’s President Vladimir Putin’s proposal to increase its currency usage in Russia and China trade matters
Vladivostok, Russia … News Time
Russia’s President Vladimir Putin proposes to increase its currency usage in Russia and China trade issues; the current global economic scenario has the ability to reduce the severity of many difficulties and to overcome many crises. Putin said in a joint press briefing with Chinese counterpart Xi Jinping in Russia’s Vladivostok on Tuesday the use of US dollars for commercial purposes and the use of its own national currency will increase. China and Russia’s Presidents met on the occasion of an economic conference its results seem to have a far-reaching effect on the current global economy. Russian President says Russia and China will make their banks more stable in bilateral trade which provides imports and exports.
Putin said in Russia’s city Vladivostok joint press briefing with Chinese counterpart Xi Jinping it is noteworthy that Russia’s Crimea dispute in Ukraine from 2014 and a few months back Russia’s alleged interference in Presidential elections and many other charges are facing serious sanctions against Washington due to which Russian currency ruble decreased sharply than the dollar however, due to American measures for several months, Chinese currency yuan value has also declined sharply.
Many other countries, including Turkey and Iran, have also been severely affected. As far as China is concerned, this stand has been going on for some time on international economic issues that national currency should be used instead of dollars in mutual trade transactions. Now President Vladimir Putin stressed that after meeting China President Xi Jinping, many countries were experiencing a special period of time. Regarding political conflicts, American behavior is causing global reserve currency use as dollar. In this case, the effect of some circles is not weakened since becoming the American President of the Donald Trump for political purposes on different countries an economic pressure policy is being used unmatched. China is being confused in a commercial war, which has been repeatedly marked by Beijing’s implicit effects on the global economy. Beijing also announced a lot of discount to the United States in the global trade, but there was no positive result.
Asian shares were severely affected after the US $ 200 billion additional tax on sugar products on September 8. Due to the negative impact of China’s response and the broader commercial war, perhaps many difficulties could not lead to large countries. As many developing countries are facing. India, which America is calling its natural beloved these days, the trumpet’s aggressive policy, seems to be visible. Indian fiscal situation than fuel prices and dollarIndia’s Aviation Market has affected many areas. As far as Pakistan is concerned, what costs are required to provide facilities to the US in the fight against terrorism. He is in a way to pay a debt on the United States whose debt was reported to be deducted earlier by the US. And now the payment of remaining deposits is being dealt with the deal.
US Secretary of State Mike Pompeo is pleased to announce the IMF bail out to be conditional while Pakistan did not have any such request for the IMF. In this scenario, Russia and China make a clear commitment to the dollar without a trade transaction that is the last-century trend of freight in domestic trade and transactions in local currency. Our new government should take this aspect of this aspect in our economic strategies.
