In a joint press conference after talks with Chinese President Xi Jinping, Russian President Vladimir Putin made a major announcement regarding the use of Chinese currency Yuan in business. According to experts, it can have far-reaching effects. Putin's announcement is being considered as a major initiative in the ongoing effort to break the supremacy of the US currency dollar in world trade.

Putin said- 'We are in favor of Russia settling its payments with countries in Asia, Africa, Latin America etc. through the Chinese currency yuan. I am sure that the method of settlement will be developed in Yuvan between Russia and its trade partners. Analysts have pointed out that since the imposition of Western sanctions in connection with the Ukraine war, Russia has been pushing for all payments in mutual trade to be made in the Russian currency, the ruble. But now he has announced to adopt Chinese currency for this. This will increase the status of youth in the world.

Putin has also given his support to China's peace plan to stop the Ukraine war. This statement of his is also being considered important. Last month, China presented its 12-point peace plan to stop the Ukraine war. Putin said that this plan could become the basis for a peaceful settlement of the Ukraine issue. In the same press conference, Xi Jinping said that China would continue to push for "peace and dialogue". He appealed to Russia and Ukraine to start dialogue among themselves.

Putin and Xi signed two documents after two days of talks in Moscow. In one of these, a resolution has been expressed to deepen mutual relations. While in the second document, a plan to increase bilateral economic cooperation by the year 2030 has been presented. Under this, both the countries have expressed their intention to increase cooperation from trade to logistics.

The Putin-Xi summit is seen in the Western media as the next step in Russia and China's attempt to challenge the US-led world order. The British newspaper The Financial Times has said in one of its comments that Russia has agreed to become China's junior partner for this purpose. But in the joint statement issued after the talks between the two presidents, it was clarified that the relationship between Russia and China is not against any third country.

The joint statement said- 'The relationship between China and Russia is not like a Cold War-era military alliance. These relations have gone beyond those formed at the government level. Their nature is not like an alliance. It is not for confrontation and there is no third country on its target.   

But both countries have expressed their resolve to build a multilateral world order. At the same time, he has expressed concern about the OCUS (Australia-United Kingdom-United States) security treaty. According to analysts, this is a directly anti-American statement.