Money moving between Moscow and Beijing needs to be better protected against hostile states, Russia’s foreign minister has claimed, announcing that a payments system to rival Western alternatives will soon see more and more use.
At a press conference with his Chinese counterpart earlier this week, Sergey Lavrov said that the Bank of Russia Financial Messaging System will underpin increasing volumes of trade between the two countries. “Our respective fiscal authorities, financial departments and the Central Bank will expand its application,” the diplomat said.
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