Russia’s Finance Ministry says the yuan accounts for 30.4 per cent of the National Wellbeing Fund’s holdings. Photo: AFP
Russia’s Finance Ministry says the yuan accounts for 30.4 per cent of the National Wellbeing Fund’s holdings. Photo: AFP

China welcomes bigger role for yuan in de-dollarised Russian sovereign wealth fund

  • Moscow’s move reflects confidence in Chinese economic development, foreign ministry says
  • Drive to shed US currency comes as both countries come under American sanctions pressure

Russia’s Finance Ministry says the yuan accounts for 30.4 per cent of the National Wellbeing Fund’s holdings. Photo: AFP
Russia’s Finance Ministry says the yuan accounts for 30.4 p