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In recent years, the relevance of searching for alternative solutions in the field of cross-border payments has been associated with sanctions restrictions against Russia, which negatively affect international trade not only in the Eurasia region, but throughout the world.
The trade relationship between China and the US has been deteriorating, a trend that began during the Trump administration and has continued under Biden. While the EU has been more cautious in its approach, its patience with China’s trade practices is wearing thin, leading to potential further strain in the trade relationship between China and the West.