Russia’s rouble is a more volatile currency partly due to existing US and European sanctions and partly because its main export is energy. Photo: Reuters Russia’s rouble is a more volatile currency partly due to existing US and European sanctions and partly because its main export is energy. Photo: Reuters
Russia’s rouble is a more volatile currency partly due to existing US and European sanctions and partly because its main export is energy. Photo: Reuters
Currencies
Economy /  China Economy

Could China and Russia abandon the US dollar and forge a yuan-rouble deal?

  • Another delay to a bilateral payments system shows how tough it is to develop an alternative to the US dollar
  • But the rise in Russia-China trade means the two countries won’t abandon the mission, analysts say

Topic |   Currencies
Karen Yeung
Karen Yeung

Updated: 10:36am, 17 Dec, 2019

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Russia’s rouble is a more volatile currency partly due to existing US and European sanctions and partly because its main export is energy. Photo: Reuters Russia’s rouble is a more volatile currency partly due to existing US and European sanctions and partly because its main export is energy. Photo: Reuters
Russia’s rouble is a more volatile currency partly due to existing US and European sanctions and partly because its main export is energy. Photo: Reuters
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