US License Expiration Imperils Russia-China Trade in Chinese Yuan

A U.S. license permitting transactions with key gamers in Russia’s monetary system expires on Oct. 12. This might make it tougher and costlier for Russian companies to commerce with China in yuan. The yuan is at present probably the most traded international foreign money in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese language banks are cautious […]



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