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Russia's $45 billion stash of Chinese yuan is helping Moscow weather massive plunge in energy revenues

14 days ago   |   By Business Insider

Sergei Karpukhin/Reuters
Russia has a $45 billion stash of Chinese yuan that could help it weather sanctions, per Bloomberg.
The nation could sell yuan reserves to make up for losses in its oil revenue.
Moscow has sought to deepen ties with Beijing amid a barrage of western sanctions.
Russia has a $45 billion stash of Chinese yuan that is helping Moscow weather a massive plunge in its energy revenues as western sanctions batter its economy. Selling its yuan reserves will help Russia cover its losses for the next three years, according to an analysis from Bloomberg Economics. Citigroup...
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