Russia and China are discussing the possibility of a barter trade, with the first deal involving agriculture expected as early as this autumn, Reuters reported on Aug. 8, citing three undisclosed trade and payment sources.
The news comes as financial transactions between the two countries are becoming increasingly difficult under Washington’s growing scrutiny.
Russian President Vladimir Putin visited China in May to meet his Chinese counterpart, Xi Jinping, with workarounds for payment issues on the agenda.
While one solution reportedly included using smaller regional banks that managed to evade monitoring, Reuters says payment issues seem to persist.
Russia is already developing regulations for barter trading and China is believed to be doing the same, Russian sources…
