Russian central bank opens first overseas office in Beijing

Russia’s central bank opened an office in Chinese capital Beijing on March 16 – the first time it has opened a representative office in a foreign country. The two countries’ financial authorities had also reached agreement on several other significant matters, the Bank of Russia says in a statement.

A clearing and settlement centre for renminbi-denominated transactions will open in Moscow on March 22, the Bank of Russia said, adding it had signed a memorandum of understanding with the China