The Chinese side lent money to the Russian side, the Russian side prepared in advance, and the Chinese side did not let go, worried that the two points would not be guaranteed!
To lend money to China, Russia prepared in advance, without China, I am afraid there will be no two guarantees.
China and Russia have both cooperation and disputes. Not long ago, it was reported that China and Russia had a disagreement on the construction of the "Siberian Power 2" pipeline; Recently, the Russian side announced that it had held talks with China on using the renminbi as a currency to hold talks with Russia, but nothing came of it.
In the past two years, cooperation between China and Russia has deepened in various aspects, but differences have also emerged in the process of cooperation. China and Russia recently had a dispute over the second Siberian gas pipeline and over a renminbi loan.
Russia's Siluanov said in a recent interview that China and Russia have discussed the possibility of introducing a loan in the yuan, but so far, no agreement has been reached.
In this regard, the Russian side has also shown its goodwill, saying that it has included the introduction of currency loans in the Russian budget. Today, Russian countries and companies are able to finance through Chinese currency. It can be said that Russia has made ample preparations for comprehensive cooperation with China.
Although no agreement has been signed between Russia and China, it can be seen that such cooperation is beneficial to both sides.
In recent years, Russia has been unable to make effective use of its foreign exchange reserves in the international market due to economic sanctions imposed by the West. In this context, Russia's introduction of the renminbi will help reduce its dependence on "hard currency", promote its integration into the world economy, avoid the adverse impact of sanctions, help maintain the stability of its own economy, and promote the diversification of its financial system.
At the same time, as far as Russia is concerned, further strengthening economic and trade cooperation with China is also an important direction of its development. The use of RMB for ** can not only reduce ** transactions, but also reduce ** costs. This initiative will also increase the influence of Russian companies in the Chinese market, and at the same time open up a new avenue for financing and development of Russian projects.
For China, this cooperation will also bring many benefits: first, it can be used more widely to improve its international capacity and recognition. The economic and trade relations between China and Russia will help encourage those countries that do not want to rely on the US dollar to choose the renminbi more as their best partner, enhance their position in the world, and promote the diversified and balanced development of the global financial system.
In addition, Russia is also a major energy power, and its rich minerals such as natural gas, oil, and minerals play an irreplaceable role in China's economic development. The use of RMB payment method is of great significance to ensure the supply of China's key energy and the stability of China's energy, industry and other fields.
Third, China's possession of the renminbi will accelerate the penetration of Chinese products and services into the Russian market, enhance China's international competitiveness, and thus enhance China's international competitiveness.
On the whole, China and Russia have achieved a win-win situation in this cooperation model. China has not yet made any compromises, and one of the most important factors is that the cooperation between the two sides has not yet achieved the desired results.
From China's standpoint, there are two concerns. First, due to the influence of monetary policy and monetary policy, China's monetary policy is currently facing huge foreign exchange risks, and there are also certain foreign exchange risks. Second, Russia's current economic situation is relatively unstable, and adopting this approach will increase China's credit risk.
All in all, although China and Russia have many advantages, they still need to carefully study and find the right time and opportunities for cooperation in order to get the most benefits.
The author of this article has no intention of attacking or insinuating, nor does he innuendo. The information contained in the above does not mean that it agrees with any laws, regulations, opinions, behaviors, nor is it responsible for the accuracy of the information contained therein. The author does not assume any legal responsibility for all the issues involved in the above and the problems arising therefrom.