Russia's $45 billion stash of Chinese yuan is helping Moscow weather ...

Russia has a $45 billion stash of Chinese yuan that could help it weather sanctions, per Bloomberg. The nation could sell yuan reserves to make up for losses in its oil revenue. Moscow has sought ... Read More

Russia Is Smashing Open Its $45 Billion Piggy Bank of Chinese Yuan ...

Russia is stepping up sales of Chinese yuan as energy revenues have fallen. The Kremlin is further drawing down its $45 billion stockpile of renminbi. Moscow saw a decline of 54% in energy revenue ... Read More

It could soon get a lot harder for Russia to deal in Chinese yuan - MSN

That could make Chinese banks more hesitant to deal in Russia, worsening Moscow's yuan shortage. Russian banks have already nearly depleted their stash of yuan, Reuters reported last month. Read More

Russia's central bank sold $47 mln worth of Chinese yuan on Jan. 13

Russia's central bank said on Tuesday that it sold almost $47 million worth of Chinese yuan on January 13 to buy roubles, as it began to make up for the budget shortfall from falling oil and gas ... Read More

Russia’s Chinese Yuan Funding Lifeline Is Getting Too Expensive

Russia’s Chinese Yuan Funding Lifeline Is Getting Too Expensive Borrowing costs are rising as exporters need to refinance debt Expensive yuan financing leaves few options beyond ruble debt ... Read More

Russia says China will start paying for gas in rubles and yuan

Russia’s Gazprom said on Tuesday it had signed an agreement to start switching payments for gas supplies to China to yuan and rubles instead of dollars.. The shift is part of a push by Russia to ... Read More

Russia's $45 billion stash of Chinese yuan is helping Moscow weather ...

Russia has a $45 billion stash of Chinese yuan that could help it weather sanctions, per Bloomberg. The nation could sell yuan reserves to make up for losses in its oil revenue. Moscow has sought to ... Read More

Russia's $45 billion stash of Chinese yuan is helping Moscow weather ...

Russia has a $45 billion stash of Chinese yuan that is helping Moscow weather a massive plunge in its energy revenues as western sanctions batter its economy. Selling its yuan reserves will help ... Read More