INTERBANK COOPERATION BETWEEN RUSSIA AND CHINA IN DIGITAL FINANCIAL TECHNOLOGIES

Abstract

This article provides a comprehensive analysis of the regulatory and institutional framework for interbank cooperation between Russia and China in the field of digital financial technologies. It examines the evolution of financial regulation in both countries, including the introduction of central bank digital currencies, legal regimes for digital financial assets, and cross-border settlement systems in national currencies. Particular attention is paid to the impact of national digitalization strategies on the development of compatible infrastructures and the prospects for integrating payment systems, including distributed ledgers and smart contracts. Key areas for further cooperation are highlighted, as well as limitations associated with sanctions risks, regulatory differences, and the volatility of national currencies. It concludes that there is a high degree of institutional and technological complementarity between Russia and China in the context of the emergence of a multipolar financial architecture.