Friday, February 3, 2023
HomeNewsConsideration of payments by China in agreement with Russia -HP NEWS

Consideration of payments by China in agreement with Russia -HP NEWS


Pakistan can use Chinese Yuan to pay Russia

Pakistan is negotiating a deal to buy cheap oil from Russia, with Russia considering payments through friendly China.

According to media reports, Pakistan can use Chinese yuan to pay Russia, using Chinese currency instead of dollars will give strength to the yuan.

According to the report, the agreement has not yet been finalized but the agreement will be geopolitically new, Pakistan being an unlikely destination for Russian business.

According to media reports, Pakistan and Russia have no trade relations for decades, China encouraged Pakistan to develop relations with Russians.

According to the report, Pakistan wants to buy not only Russian oil but also gas, arms and other goods.

Uzair Younis, director of the Pakistan Initiative at the Atlantic Council, says that the American view is that countries like Pakistan can be strategically important.

Uzair Younis said that the American view is that other countries are in its favor to stabilize Pakistan’s economy, Washington will probably prioritize its strategic interests elsewhere.

Director of South Asia Programs at the US Institute of Peace, Tamna Salikuddin, says that the Russia-Pakistan oil deal will not affect the US and its Gulf friends.



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