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China Signs Non-Dollar Settlement Deal With Russia's Largest Bank
Article By: Tyler Durden
Tuesday, May 20, 2014 11:01 AM EDT
VTB - among Russia's largest banks - has signed a deal with Bank of China to pay each other in domestic currencies, bypassing the need for US Dollars for "investment banking, inter-bank lending, trade finance and capital-markets transactions."
In this article: BACHF, VTBR.RUB
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