A man walks past an exchange office on a snowy Moscow street. The rouble has lost more than half of its value against the yuan since a currency swap deal was signed in October 2014. Photo: AP
A man walks past an exchange office on a snowy Moscow street. The rouble has lost more than half of its value against the yuan since a currency swap deal was signed in October 2014. Photo: AP
Yuan
Business

Yuan given to Russia under currency swap deal

Moscow has been grappling with a liquidity crisis amid plunging oil prices and Western sanctions

Zhou Xin
Zhou Xin

Updated: 5:52pm, 2 Mar, 2016

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A man walks past an exchange office on a snowy Moscow street. The rouble has lost more than half of its value against the yuan since a currency swap deal was signed in October 2014. Photo: AP
A man walks past an exchange office on a snowy Moscow street. The rouble has lost more than half of its value against the yuan since a currency swap deal was signed in October 2014. Photo: AP
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