Yuan deposits replace dollar and euro in Russian banks
The state lender is offering maximum interest rates for Chinese currency deposits to attract customers
https://www.rt.com/business/551718-vtb-yuan-deposit-dollar-sanctions/
The CPBoC [People’s Bank of China] is acting as the backstop of the present crisis — as the financial analyst from Credit Swiss predicted.
https://plus2.credit-suisse.com/shorturlpdf.html?v=4ZR9-WTBd-V
The multipolar world is being born…
Russia Ukraine war, page-8836
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