Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA
China and Russia to edge closer to reducing US dollar reliance with Moscow set to launch first yuan bond
- Led by several banks including Gazprombank and China International Capital Corporation, the yuan-denominated bond could be launched this year
- Moscow is hoping to increase interest by Chinese investors’ in Russian assets, while it will give Chinese investors another investment opportunity
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Yuan
Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA