Resist the Mainstream(@ResisttheMS):Russia's effort to reduce its reliance on the US dollar by shifting to China's yuan has largely collapsed under pressure from US sanctions, Bloomberg reports. The yuan's share of payments for Russian exports has fallen to 22%, down by half from its peak in mid-2024. Russia now receives 69% of its export revenue from Asian trade in rubles.

Resist the Mainstream

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Resist the Mainstream@ResisttheMS

2026.11.11 18:07

Russia's effort to reduce its reliance on the US dollar by shifting to China's yuan has largely collapsed under pressure from US sanctions, Bloomberg reports. The yuan's share of payments for Russian exports has fallen to 22%, down by half from its peak in mid-2024. Russia now receives 69% of its export revenue from Asian trade in rubles.