Russia turns to Asia as West sanctions its financial market
Russia announced that it will embrace the Yuan in exchanges with China as anti-Russia sanctions become increasingly threatening to Russian banks.
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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 Russia's 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.