Russia’s VTB Bank offers up to 8 per cent interest for yuan deposits, as it hoards renminbi to skirt dollar sanctions

• Deposits can be opened remotely through VTB Online with a minimum amount of 100 yuan (US$16)
• The yield on US dollars when placed for 3 months is 8 per cent per annum and 7 per cent for euros, while the six-month rate for roubles is 21 per cent, according to VTB