Chinese yuan
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95% of trade between the countries is now settled in their national currencies, according to Andrey Belousov © Getty Images…
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Low interest rates have sparked a global rush to borrow in China, the outlet has said © Getty Images/XiXinXing Global…
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The ruble and yuan make up 95% of Moscow’s trade with Beijing, Maksim Reshetnikov says © Getty Images / jroballo…
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Sanctions preclude Moscow and Beijing from using the US currency in transactions, so turning to national alternatives is only natural,…
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The currency has even reportedly been used as a means of payment with the UK, US, and EU © Getty Images…
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The US currency was used in nearly half of cross-border transactions last month, data shows © DjelicS/DjelicS The share of…
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Western trade restrictions have led to an increased usage of the Chinese yuan at the expense of the greenback, the…
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Gazprom Neft has switched to yuan and rubles in export settlements, the company’s head has revealed © Sputnik/Vladimir Astapkovich Russian…
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Switching to national currencies is a sanctions-induced necessity, not a goal in itself, the head of VTB Andrey Kostin says…
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Western lenders that exited the country are being replaced, according to the report © Getty Images / S3studio / Contributor China’s…