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Sala StampaChina and Russia ditch dollar in move toward 'financial...

China and Russia ditch dollar in move toward ‘financial alliance’

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Russia and China are partnering to reduce their dependence on the dollar — a development some experts say could lead to a “financial alliance” between them.

In the first quarter of 2020, the dollar’s share of trade between Russia and China fell below 50% for the first time on record, according to recent data from Russia’s Central Bank and Federal Customs Service.

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