Analysis News TheBitTimes.com

Russia has signed trade deals worth 1 trillion rubles (equivalent to $13.1 billion) in local currencies. This is the second time in a row that Russia signed trade agreements worth $13.1 billion. The deals were inked at the St. Petersburg International Economic Forum (SPIEF), announced Governor Alexander Beglov. The national brand space ‘Buy Russian!’ was the centerpiece at the SPIEF forum in St. Petersburg. Also Read: CIS Settles 99% of Payments in Local Currencies, Ignore USD The deals extended to over 40 investment agreements with over 67 trade policies touching exactly 1.0288 trillion rubles. The agreements are mostly focused on science and technology projects and the funds will be deployed through 2030. The SPIEF event was held this week under the theme “Shared Values: The Foundation of Growth in a Multipolar World.” Russia aims to achieve a multipolar financial world where local currencies will be used for all transactions. A deal was also inked with China at the SPIEF...

Saudi Arabia and China sign 57 deals worth over $3.73 Billion USD just recently, and the agreements mark a major advancement in local currency cooperation and also de-dollarization efforts between the nations. The deals, which were signed at the Saudi-Chinese Business Forum in Beijing this month, are enhancing BRICS-aligned trade and also promoting currency substitution between these economic giants right now in 2025. Also Read: BlackRock Bitcoin ETF Soars as Abu Dhabi and Hong Kong Investors Pump Over $1 Billion Saudi-China $3.73B Agreements Boost Trade, Finance, Currency Use Source: Watcher Guru As Saudi Arabia and China sign 57 deals worth over $3.73 billion USD, at the same time institutional cryptocurrency market activity has also increased significantly. The BlackRock ETF inflows at the time of writing reflect growing confidence among major investors who are seeking alternative asset classes in today’s changing financial landscape. Strengthening Bilateral Economic Ties In at...