Did Russia and China declare no dollar trade?

Direct Answer

Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, using rubles and yuan instead, as announced by Russian officials. No formal joint declaration exists stating they will never use the dollar in any trade dealings. The post exaggerates by implying a total, permanent ban across all trade.

What the Evidence Shows

The claim is misleading because while bilateral trade has shifted almost entirely away from the dollar, there is no evidence of a specific joint declaration promising zero future use in any dealings. Sources confirm practical de-dollarization in Russia-China trade due to sanctions, but phrasing suggests a broader, absolute commitment not supported by evidence. Kernel of truth lies in the high success of de-dollarization for their mutual transactions.

Sources & Methodology

• 01
  Responsible Statecraft

  https://responsiblestatecraft.org/china-russia-trade/

• 02
  Atlantic Council

  https://www.atlanticcouncil.org/blogs/new-atlanticist/russia-and-china-have-been-teaming-up-to-reduce-reliance-on-the-dollar-heres-how-its-going/

• 03
  Brasil de Fato

  https://www.brasildefato.com.br/2025/11/05/moscow-and-beijing-nearly-eliminate-the-dollar-from-bilateral-trade-says-russian-minister/

• 04
  CNAS

  https://www.cnas.org/publications/commentary/a-financial-alliance-wont-help-china-and-russia-dethrone-the-us-dollar

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