Andrei Akopian News Today

Russia announced that it will embrace the Yuan in exchanges with China as anti-Russia sanctions become increasingly threatening to Russian banks.

By Elena Fabrichnaya and Samuel Shen MOSCOW/SHANGHAI (Reuters) - Chinese entrepreneur Wang Min is delighted about Russia's embrace of the yuan. His LE...

By Elena Fabrichnaya and Samuel Shen MOSCOW/SHANGHAI (Reuters) - Chinese entrepreneur Wang Min is delighted about Russia's embrace of the yuan. His LE...

Chinese entrepreneur Wang Min is delighted about Russias embrace of the yuan.

Russia's financial shift eastwards presents a growing economic counterweight to the US dollar, while limiting Western efforts to pressure Moscow by economic means.

Chinese entrepreneur Wang Min is delighted with Russias switch to the yuan...

Chinese entrepreneur Wang Min is delighted about Russias embrace of the yuan. His LED lights company can price contracts to Russian customers in yuan rather than dollars or euros, and they can... | November 28, 2022

Chinese entrepreneur Wang Min is delighted about Russias embrace of the yuan.

As Western governments ratchet up sanctions against Russia over its invasion of Ukraine, Moscow’s emerging-markets allies are exploring channels for trade and financing to continue. The other members of the BRICs group Brazil, India and China — are treading cautiously for fear of tripping on the sanctions, but the beginnings of a parallel financial system centered on Beijing are becoming detectable. The US and Europe have banished big Russian banks from the main global payments system SWIFT...

After sanctions barrage, Russia's emerging market allies explore workarounds