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News Forum - China increasingly uses yuan for trade with Russia, sidelining the dollar


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China has significantly raised its use of the yuan for purchasing Russian commodities in the past year, with almost all its procurement of oil, coal, and some metals from the neighbouring country now settled in the Chinese currency instead of US dollars, multiple trading executives with direct knowledge of the situation have revealed. The shift …

The story China increasingly uses yuan for trade with Russia, sidelining the dollar as seen on Thaiger News.

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