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
Why China and Russia are struggling to 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
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