The current development of financial cooperation between Russia and China: the role of national currencies
Abstract and keywords
Abstract (English):
In the context of the transformation of the global financial architecture and the intensification of competition between economic centers, there is a reorientation of financial flows. As a result, China has become a key strategic partner for Russia in ensuring economic stability and diversifying foreign economic relations. The financial cooperation between these two countries serves to strengthen their independence from Western institutions and develop their own infrastructure. This article examines Russian-Chinese financial cooperation in the context of modern geopolitical instability and sanctions pressure. The article analyzes the role of national currencies (ruble and yuan) in bilateral settlements, the dynamics of trade and investment, as well as the strategic importance of partnership for both countries in the context of the desire to de-dollarize the global economy. Special attention is paid to joint projects in the energy sector, infrastructure and the development of alternative financial mechanisms.

Keywords:
geopolitics, dedollarization, China, socio-economic relations, national currencies, Russia, sanctions, financial cooperation, ruble, yuan.
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