Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA
Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA
Yuan

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

Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA
Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA
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