Russian state outlet Sputnik reported that Finance Minister Anton Siluanov told Izvestia in an interview that Moscow and Beijing are jointly developing their own depository system as an alternative to Euroclear and Clearstream.
“If the West closes its financial infrastructure to us, we must create an alternative,” Siluanov said. “We are discussing this complex but very important issue with our colleagues from the People’s Republic of China.”
Siluanov explained: “Our goal is to enable investors to freely purchase securities from one country in another without restrictions or obstacles, and to allow them to invest in our two countries’ securities with confidence. We have already raised this topic in our financial dialogue with China’s Ministry of Finance.”
Source: Sputnik, September 19, 2025
https://sputniknews.cn/20250919/1067520001.html