It could soon get a lot harder for Russia to deal in Chinese yuan

Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant to do business with the nation.

By: Business Insider

Sep 28 2024
26
4581 Views

It could soon get a lot harder for Russia to deal in Chinese yuan

It may about to be way harder for Russia to get its hands on Chinese yuan.
That's because a key license from the US Treasury that permits transactions from some of Russia's financial institutions is… [+1348 chars]

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It could soon get a lot harder for Russia to deal in Chinese yuan

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