China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbor now settled in the Chinese currency instead of dollars, said multiple trading executives with direct knowledge of the matter, says an article published on japantimes.
Internationalize currencyThe switch to yuan to pay for much of a roughly $88 billion commodities trade in the wake of the Ukraine war accelerates...
https://mfame.guru/china-russia-resources-trade-shifts-to-yuan-from-dollars/
