Asia Pacific

Amid Western sanctions, China’s yuan has its moment in Russia | Russia-Ukraine war News

The Chinese yuan is rapidly gaining popularity in Russia amid Western sanctions over the war in Ukraine. Trading on the Moscow Exchange, the currency has risen more than 50 fold this year, jumping from 0.5 percent of the total transactions in January to 26 percent in August. It is increasingly used in Russia’s international trade …

Amid Western sanctions, China’s yuan has its moment in Russia | Russia-Ukraine war News Read More »

China’s imports of Russian coal hit 5-year high as ties deepen | Business and Economy

Russian coal imports reach 8.54 million tonnes in August amid soaring energy demand in the world’s second-largest economy. China’s imports of Russian coal hit a five-year high in August, the latest sign of Chinese trade providing Moscow with an economic lifeline as it faces international isolation over its war in Ukraine. Shipments of Russian coal …

China’s imports of Russian coal hit 5-year high as ties deepen | Business and Economy Read More »

Amid Western sanctions, China’s yuan has its moment in Russia | Russia-Ukraine war News

The Chinese yuan is rapidly gaining popularity in Russia amid Western sanctions over the war in Ukraine. Trading on the Moscow Exchange, the currency has risen more than 50 fold this year, jumping from 0.5 percent of the total transactions in January to 26 percent in August. It is increasingly used in Russia’s international trade …

Amid Western sanctions, China’s yuan has its moment in Russia | Russia-Ukraine war News Read More »