Russian Foreign Trade Bank CEO: RMB will become the main reserve and settlement currency in the future.

[Russian Foreign Trade Bank CEO: RMB will become the main reserve and settlement currency in the future] Costin, chief executive of the Russian Foreign Trade Bank, said that the RMB will become the main world reserve and settlement currency in the future. Russia's central bank is investing its reserves in yuan, and more than 70% of Russia-China trade is settled in yuan and Russian rubles. "our customers in Russia have a strong demand for RMB, including lending, bank deposit investment, bond and stock issuance, etc."