| Russia's biggest lender, Sberbank, and the state-owned Bank of China on Thursday finalized a deal to increase cooperation in trade financing and transactions in national currencies, Sberbank said in an online statement.
As part of the agreement, which was concluded at the St. Petersburg International Economic Forum, Sberbank and its clients will have easier access to China's financial markets to carry out transactions in national currencies. Sberbank can also diversify its currency reserves to include yuan, the statement said............................................Full Article: Source
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