Sechin assessed the reduction in the share of the dollar and the euro in mutual settlements between Russia and China

Settlements in trade between Russia and China have been almost completely converted to national currencies, said Igor Sechin, executive secretary of the Presidential Commission on the development strategy of the Fuel and Energy Complex, Chief Executive Officer of the Rosneft oil company.

"In recent years, settlements between Russia and China have been almost completely converted to national currencies, and the share of the dollar and euro has decreased to the level of statistical error," said Sechin, speaking at the opening of the VII Russian—Chinese Energy Business Forum (RCEBF) in Beijing.

According to the head of Rosneft, since 2010, the share of the yuan in China's foreign trade has increased from 2% to 52%, while the share of the dollar has almost doubled— from 83% to 43%.