Russia to Start Buying More Yuan in 2023

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During 2020, we saw decisions that put into motion a set of actions that looks like we will continue into 2023. As we are now seeing Russia is likely to buy Yuan on the foreign exchange market in 2023, but it does not just stop with Russia and China as we are seeing China and Saudi Arabia now in talks to deepen their relationship.

Now, some of this is nothing new. Take, for instance, the fact that the yuan currently accounts for 17% of Russia's foreign exchange and gold reserves. But some of this is showing signs of new trends, beginning both financially speaking and geopolitical alliances.

Timecodes
00:00 Russia Plans to Acquire More Yuan Next Year
01:51 China Relations with Other Countries
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#China #Russia #Yuan