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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">Economic Problems and Legal Practice</journal-id><journal-title-group><journal-title xml:lang="en">Economic Problems and Legal Practice</journal-title><trans-title-group xml:lang="kk"><trans-title>Economic Problems and Legal Practice</trans-title></trans-title-group><trans-title-group xml:lang="pt"><trans-title>Economic Problems and Legal Practice</trans-title></trans-title-group><trans-title-group xml:lang="ru"><trans-title>Проблемы экономики и юридической практики</trans-title></trans-title-group><trans-title-group xml:lang="zh"><trans-title>Economic Problems and Legal Practice</trans-title></trans-title-group></journal-title-group><issn publication-format="print">2541-8025</issn><issn publication-format="electronic">2712-7605</issn><publisher><publisher-name xml:lang="en">YUR-VAK</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">701594</article-id><article-id pub-id-type="doi">10.33693/2541-8025-2025-21-6-147-152</article-id><article-id pub-id-type="edn">NORZZJ</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>World Economy</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>Мировая экономика</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">Russian-Chinese cooperation in international payments: De-dollarization architecture and payment security for foreign economic activity</article-title><trans-title-group xml:lang="ru"><trans-title>Российско-китайское сотрудничество в сфере международных платежей: архитектура дедолларизации и платежное обеспечение ВЭД</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-0438-8044</contrib-id><contrib-id contrib-id-type="researcherid">P-4562-2017</contrib-id><contrib-id contrib-id-type="spin">9084-8848</contrib-id><name-alternatives><name xml:lang="en"><surname>Zembatov</surname><given-names>Marat R.</given-names></name><name xml:lang="ru"><surname>Зембатов</surname><given-names>Марат Русланович</given-names></name></name-alternatives><address><country country="RU">Russian Federation</country></address><bio xml:lang="en"><p>Cand. Sci. (Econ.), Head of the Center for Interdisciplinary Studies, Institute for Public Administration and Governance</p></bio><bio xml:lang="ru"><p>кандидат экономических наук, директор Центра междисциплинарных исследований Института государственного и муниципального управления</p></bio><email>mzembatov@gmail.com</email><xref ref-type="aff" rid="aff1"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">National Research University Higher School of Economics</institution></aff><aff><institution xml:lang="ru">Национальный исследовательский университет «Высшая школа экономики»</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2025-12-30" publication-format="electronic"><day>30</day><month>12</month><year>2025</year></pub-date><volume>21</volume><issue>6</issue><issue-title xml:lang="en"/><issue-title xml:lang="ru"/><fpage>147</fpage><lpage>152</lpage><history><date date-type="received" iso-8601-date="2026-01-23"><day>23</day><month>01</month><year>2026</year></date><date date-type="accepted" iso-8601-date="2026-01-23"><day>23</day><month>01</month><year>2026</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2025, Yur-VAK</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2025, Юр-ВАК</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="en">Yur-VAK</copyright-holder><copyright-holder xml:lang="ru">Юр-ВАК</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/" start_date="2026-12-30"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">https://creativecommons.org/licenses/by-nc-nd/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://journals.eco-vector.com/2541-8025/article/view/701594">https://journals.eco-vector.com/2541-8025/article/view/701594</self-uri><abstract xml:lang="en"><p>In the context of the transformation of the global financial architecture, the strategic partnership between Russia and China is focusing on creating alternative mechanisms for international settlements. This article analyzes the evolution of Russian-Chinese projects in this area, including the abandonment of the US dollar, the development of bilateral settlements in national currencies, the creation of alternatives to the SWIFT system, and an assessment of the potential of cryptoassets. Particular attention is paid to the practical aspects of payment security for foreign economic activity (FEA), taking into account the experience of using the jurisdictions of Hong Kong and Singapore. A conclusion is drawn regarding the development of a parallel, but not yet universal, financial infrastructure capable of mitigating the risks of sanctions pressure.</p></abstract><trans-abstract xml:lang="ru"><p>В условиях трансформации глобальной финансовой архитектуры стратегическое партнерство России и Китая фокусируется на создании альтернативных механизмов международных расчетов. Данная статья анализирует эволюцию российско-китайских проектов в данной сфере, включая отказ от доллара США, развитие двусторонних расчетов в национальных валютах, создание альтернатив системе SWIFT, а также оценку потенциала криптоактивов. Особое внимание уделяется практическим аспектам платежного обеспечения внешнеэкономической деятельности (ВЭД) с учетом опыта использования юрисдикций Гонконга и Сингапура. Делается вывод о формировании параллельной, но пока не универсальной, финансовой инфраструктуры, способной снизить риски санкционного давления.</p></trans-abstract><kwd-group xml:lang="en"><kwd>international payments</kwd><kwd>de-dollarization</kwd><kwd>SWIFT</kwd><kwd>settlements in national currencies</kwd><kwd>cryptocurrencies</kwd><kwd>payment security for foreign economic activity</kwd><kwd>Russia</kwd><kwd>China</kwd><kwd>Hong Kong</kwd><kwd>Singapore</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>международные платежи</kwd><kwd>дедолларизация</kwd><kwd>SWIFT</kwd><kwd>расчеты в национальных валютах</kwd><kwd>криптовалюты</kwd><kwd>платежное обеспечение ВЭД</kwd><kwd>Россия</kwd><kwd>Китай</kwd><kwd>Гонконг</kwd><kwd>Сингапур</kwd></kwd-group><funding-group/></article-meta></front><body></body><back><ref-list><ref id="B1"><label>1.</label><mixed-citation>Prasad E.S. The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance. 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