http://www.reuters.com/article/2014/10/13/us-china-economy-forex-idUSKCN0I20US20141013 China and Russia will swap around a equivalent of 25 billion$ (150 billion yuan for 815 billion roubles), for 3 years (extentions possible) Does this mean that China beleives that within 3 years the situation between the west and Russia wil be normalized and the rubble will be back up? Also 25 billion$ is more then 1% of Russias 2.118 trillion $ economy is this going to have consequences.
2.097 trillion dollars is 2097 billion, 25 billion of that is 1.19% of the GDP I would agree that it's a relative small amount (but remember the GDP of Russia is for example less then Italy's) anyway the money is in effect frozen for the next 3 years (potentially longer) and nobody is making any interest on it.
