Today news
About the same in other media
Russia Turns to China’s Yuan in Effort to Ditch the Dollar
Reading now: 137
Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan.
Energy exporters are increasingly getting paid in yuan. Russia’s sovereign-wealth fund, a war chest to support government spending burdened by battlefield costs in Ukraine, is using the Chinese currency to store its oil riches. Russian companies have borrowed in yuan, also known as renminbi, and households are stashing savings in it.
Read more on wsj.comAbout this in other media
Growing foothold: how Russia donates fertiliser to deepen African alliances theguardian.com /1 year ago
U.S., EU Try to Defuse Subsidies Dispute to Focus on Russia and China wsj.com /1 year ago
U.S., EU Try to Defuse Subsidies Dispute to Focus on Russia and China wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Bitcoin [BTC]: Indicators point at a bull cycle, and on-chain data reveals…](https://fvbb.com/storage/thumbs_400/img/2023/3/6/57967_1e5va.jpg)
