China’s digital yuan (e-CNY) is already being used in international transactions, enabling cross-border payments in seconds without relying on SWIFT, said Boris Titov, Chairman of the Russian–Chinese Committee of Peace, Friendship and Development.

According to him, while the platform is currently accessible mainly to government agencies and banks, a number of accredited companies have already begun offering digital-yuan payment services to businesses. The Committee plans to provide Russian entrepreneurs with guidance on how to use e-CNY for secure and efficient cross-border settlements.

Commenting on the digital ruble, Titov noted that its rollout is “slightly behind” the Chinese timeline but is now “close to launch.”