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Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout

SINGAPORE: China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter told Reut

Analysis: Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout

China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter told Reuters.

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