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Russian Foreign Minister Sergey Viktorovich Lavrov recently stated that the trend of abandoning the use of US dollars for settlement in international trade and switching to domestic currency is irreversible. The divergence against the dollar has already started, not so fast yet but certainly accelerating. ....
The expert interpretation meeting of the Blue Book on the Development of China's Petroleum Circulation Industry (2022-2023) was held in Beijing on April 25. Wang Nengquan, member of the Expert Committee of the China Petroleum Circulation Association and former chief economist of Sinochem Energy, said at the meeting that as consumption and production activities return to normal, the overall demand for refined oil products will show a steady growth trend. ....
So far, Industrial and Commercial Bank of China has served as the RMB clearing bank in 11 countries including Singapore, Luxembourg, Qatar, Canada, Thailand, Argentina, Russia, Laos, Kazakhstan, Pakistan, and Brazil, and is the commercial bank that has the largest number of RMB clearing banks in South America. ....
Chile's economy minister stated that decisions about the lithium mining industry must be in the public interest of Chile, and state-owned lithium companies will play a role in the entire value chain. ....