Russia Embraces Yuan in Move Against U.S. Dollar Hegemony

Map of China and Environs, adapted from archived image

(Moscow Times – – Peter Hobson – June 16, 2015) Russian financial authorities, energy companies and state-controlled banks are stepping up their use of China’s yuan currency as Western sanctions spur diversification away from the U.S. dollar. In recent weeks, major Russian institutions have lined up to announce moves to use the yuan, which will likely emerge as the […]

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