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The article said 95% of the trade will be denominated in Chinese Yuan for trade primarily between China and Russia. Russia really cannot use dollars right now because of sanctions, so we will see what their appetite is to hold large sums of Chinese currency as reserves.
The article said 95% of the trade will be denominated in Chinese Yuan for trade primarily between China and Russia. Russia really cannot use dollars right now because of sanctions, so we will see what their appetite is to hold large sums of Chinese currency as reserves.