20 AUGUST 2025AlCircle.com
Barter creeps back into trade as Russia and China rewrite the rules
Edited by : Pratyusha Chatterjee
6 min read
History has repeated itself as Russia, after the 1990s, has returned to barter deals owing to geopolitical predicaments. Not a generic practice yet, but the initiation of barter deals commenced at the Kazan Expo business forum. Chinese companies cited settlement issues and Russian demands that they bring production to Russia as major issues hindering the development of bilateral trade.
Image Source: Wikipedia
“We offer innovative cooperation models aimed at reducing settlement risks,” Xu Xinjing from Hainan Longpan Oilfield Technology Co. Ltd told Reuters through a translator, adding that “we offer a model of barter trade.”
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