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US-sanctioned Russian bank CEO hails yuan use while decrying US dollar weaponisation

Published: May 26, 2023

VTB Bank’s Andrey Kostin warns that ‘it’s very dangerous to rely on America’, after Russia’s second-largest lender lost billions last year upon being cut off from the US dollar and euro.

Source: scmp.com

Related Topics:

Great HallUs SanctionsRussia SanctionsVtb BankRussian BankRussian BusinessChina Russia TradeUs ChinaRus RussiaAndrey KostinOllar WeaponiseUs Dollar SystemHina X27s YuanYuan DollarS Dollar