Russia’s Central Bank Bets on Chinese Yuan Amid Sanctions Squeeze

In a revealing update from Russia’s central bank, it’s become clear that amidst ongoing international tensions, the Chinese yuan is emerging as a crucial asset for Russia’s reserve holdings. According to a Bloomberg News article published on March 29, the Russian financial authority has expressed a lack of viable alternatives to the yuan following the […] source: https://www.cryptoglobe.com/latest/2024/03/russias-central-bank-bets-on-chinese-yuan-amid-sanctions-squeeze/