Russia and China may begin using barter trading schemes, with two expecting deals involving agriculture as soon as this autumn, as Moscow and Beijing try to limit using banking systems monitored by the United States.
China has already struck similar deals with Malaysia and Iran in 2019 and 2021.
Barter trade would circumvent payment problems, reduce the influence of Western regulators on their bilateral transactions and limit currency risks.
A source at a Russian industrial organization said the companies were discussing exporting metals from Russia in exchange for Chinese equipment.
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