The EAEU and PRC:

The EAEU and China should conduct trade operations in their own currencies, rather than in euros and dollars which dominate between them, according to the Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission, Sergey Glazyev.

"It is not a matter of politically separating from the US and EU, it is just that the current state of monetary and financial relations on international market does not meet the interests of many countries", Glazyev said during the "Coupling the EAEU and the Chinese Belt and Road Initiative" forum.

According to him, today international financial market shows signs of manipulation of currency quotes, which negatively affect economies of the EAEU countries. Additional problems are created by non-equivalent monetary and economic exchange, which is associated with different prices of money in different markets as well as concerns capital flows and pricing

"The fact that we trade at prices that we do not determine ourselves brings our companies considerable losses", he added.

Director of the Department of Macroeconomic Research at the Renmin University of China, Liu Yu Shu, supported this initiative, saying that the most promising way to save on transactions is to make payments in digital national currencies. But this possibility is still being discussed, he added.

At present, the non-dollar share of payments that are made between the EAEU and China is only 15 percent.