Research On The Problem Of Cross-border Yuan Payments In China-russia Trade

In 2008,after the world financial crisis triggered by the subprime crisis,the absolute hegemony of the dollar in the world monetary system began to weaken.As China's rapid economic and sustainable development,the position in the world economy constantly improve,at the same time,the internationalization of the RMB is also gradually accelerated,the renminbi by the characteristics of good stability,gradually began to become a settlement currency of trade with neighboring countries.China and Russia are adjacent to each other,with close trade relations,and the cross-border settlement of RMB is in a critical position in the development of sino-russian trade.Therefore,it is worth studying to promote the process of RMB internationalization and the RMB settlement of cross-border trade between China and Russia.To explore the sino-russian border trade currency settlement system and law of development,the bilateral trade is growing steadily,to strengthen bilateral economic and trade cooperation between China and Russia,the systematic study on the sino-russian border trade settlement.This article mainly from the border trade between China and Russia make the yuan is the financial cooperation between China and Russia,to reduce the transaction cost economic subject needs,maintain and optimize the economic and trade cooperation between China and Russia trade order and promote the needs of the development of sino-russian border trade Angle analysis the necessity of implement cross-border yuan trade settlement between China and Russia.Through the analysis of favorable conditions for the existence of cross-border yuan settlement between China and Russia,including the background of economic globalization and economic integration,geographical advantages,the two countries between Russia and China's opening to the outside world policy,close cooperation between Russia and China bank.On the basis of the necessity of cross-border settlement and the analysis of strong conditions,the paper points out the problems and causes of the cross-border settlement of RMB.Due to the system and mechanism of trade cooperation between China and Russia,business tools,policies and measures,the reason of the difference of culture,caused the sino-russian cross-border yuan settlement exist a series of problems,including single,lack of RMB bank settlement tool advantages associated with voice,RMB internationalization of policy differences,China's commercial Banks is relatively low.In view of the problems and causes of cross-border RMB settlement in China and Russia,this paper puts forward countermeasures to realize cross-border settlement of RMB.Implement the sino-russian cross-border yuan settlement is the key to thedevelopment of the trade cooperation between China and Russia,under the background of area all the way and the renminbi internationalization,sino-russian cross-border yuan settlement under the joint efforts of both sides will be steady development.