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Russia can rely on China for the yuan, but China can't rely on anyone else

China faces many limitations to de-dollarization and just can't copy Russia's sanctions-proofing playbook.

By: Business Insider

Oct 05 2024
6
275 Views

Russia can rely on China for the yuan, but China can't rely on anyone else

Chinese President Xi Jinping and Russian leader Vladimir Putin.Contributor/Getty Images

Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade.
China… [+4102 chars]

Russia can rely on China for the yuan, but China can't rely on anyone else

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