Separated from the Western financial system, the Central Bank of Russia intends to start training its employees in Chinese so that they can interact professionally with partners from China.
The Central Bank’s request for Chinese language courses appeared during the visit of Chinese President Xi Jinping to Russia, writes Kommersant. According to the project documentation, it is planned to train four groups of 4 to 8 employees each year, which does not seem large-scale against the background of 45,000 employees in the institution, but on the other hand, it will have a regular character every year, the publication specifies.
Deliveries of Russian natural gas to China reached 2.7 billion cubic meters in January, and so the Russian Federation surpassed all other…
MORE: White House: Russia and China are a marriage of convenience, not love
According to HeadHunter, the demand for employees with knowledge of Chinese in the Russian financial sector has grown by 113% in a year. This is also confirmed by Superjob estimates, according to which the number of vacancies that require Chinese language skills has doubled in one year.
MORE: Is Russia turning into China’s resource colony?
After the imposition of sanctions on Moscow over the war in Ukraine, Russia is gradually shifting its trade to Chinese yuan. According to Central Bank statistics, the yuan accounts for about 16% of payments for Russian exports. In imports, the share of the Chinese currency is 23%. That means yuan worth $7 billion enters Russia every month, of which $6 billion leaves the country to buy foreign goods, said Natalia Orlova, chief economist at Russia’s Alfa Bank. The share of the yuan in the operations of Russian business is also growing: it represents 37% of the trading turnover of the Moscow Exchange against 36% of the dollar (as of January 2023). By the end of 2023, the Chinese currency will become the main currency in Russia, a source close to the Kremlin told the Financial Times.
Check out all the latest news from Actualno.com
More from EUROPE:
And the Czech parliament banned MPs from using TikTok
Greece has abolished wearing a mask on public transport
Borel: While talking about peace – Russia is again committing war crimes
Russian school brings masked soldier into class to praise war (PHOTOS)
Taxi drivers in the Greek capital go on strike for 24 hours
Rishi Sunak is happy to release his tax returns (VIDEO)
A brutal case of rape of a boy in a Russian school, the video released in the class chat
Russian priests bless the murders of Ukrainian children (VIDEO)
Kaya Kalas: We must continue the pressure until Ukraine wins
New and new graves in Russia, blew up a pro-Russian police chief in Melitopol (VIDEO)
Tags: Employees Russian Central Bank urgently start learning Chinese