Russian President Vladimir Putin has said the vast majority of transactions between Russia and China are now being conducted in their national currencies, describing dedollarization as an "inevitable" process.

Today, relations between Russia and China have reached their highest level in history, and despite a challenging international situation, the relationship continues to develop, Putin said.

Russias giant gas company has awarded a 2.8-billion-dollar contract to an influential company for work on building a gas pipeline to China. Gazprom awarded Stroygazmontazh (SGM) contracts for work on building the Power of Siberia gas pipeline to China, tender documents show. Engaged in construction work for the oil and gas sectors, SGM is owned ...