A quantitative increase in financing is impossible without the active use of national currencies, not only in terms of trade settlements but also in terms of financial lending — Andrei Klepach, Deputy Chairman (Chief Economist), Member of the Board, State Development Corporation VEB.RF.
It is necessary to facilitate trade in energy resources by increasing the use of national currencies. This will make it possible to reduce costs and increase regional energy security. Both sides should improve the corresponding infrastructure mechanisms in order to carry out pricing, accounting, and payments in national currencies — Zhao Huan, Chairman of the Board of Directors of the China Development Bank.
The potential of settlements in national currencies is far from being realized. We are also actively developing financing in national currencies. We have opened correspondent accounts in Chinese banks. There is also a lot of potential here too — Nikita Gusakov, General Director, EXIAR.
If Russia and China begin to develop borrowing in each other’s markets, we will create not only incentives for growth in our own markets but also a powerful regional market for other countries, and that includes the implementation of the Silk Road and One Belt, One Road projects. Therefore, I have a specific proposal: let's celebrate the 70th anniversary of diplomatic relations between Russia and China with mutual government bond issues this year in our national currencies. […] According to our surveys, approximately 15–20 Russian companies and banks are already interested in RMB placements — Denis Shulakov, First Vice President, Bank GPB .