Comment on Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.

Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.

Bartering could help Russia skirt sanctions.Sergei Guneyev/AFP via Getty ImagesRussia and China could revive barter trade to counter Western sanctions, Reuters reported.Other countries that have looked at barter trade with Russia include Afghanistan, Iran, Pakistan, and India.Barter trade would allow Russia to bypass sanctions but could pose accounting challenges.Russia and China are planning to revive the age-old practice of barter trade to get around Western sanctions, Reuters reported on Thursday.The deals could involve agriculture and could come as soon as this fall, the news agency reported, citing anonymous trade and payments sources.

 

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