Minister of the Eurasian Economic Commission: Trade settlements between China and Russia can be settled using digital currency

Sergey Glazyev, Minister of Integration and Macroeconomics of the Eurasian Economic Commission, stated on Monday that the Eurasian Economic Union (EEU) is further promoting currency settlements within the union, while also hoping to establish a new payment settlement system and considering the use of digital currency for settlements.

Regarding the trade settlement issue between China and Russia, Glazyev stated that digital currency can be used for settlements and considered linking digital currency with gold. Currently, necessary settlement infrastructure is being established to promote the integration of payment systems among countries, allowing financial institutions and banks from different countries to further cooperate.