Russia's shortage of yuans and resulting reduction of foreign trade volume to continue as major Chinese banks halt operations in Russia, Belarus over fear of sanctions, experts say ( charter97.org )
In response to the yuan shortage, Russia's Central Bank has started conducting currency swap deals with banks. Since the beginning of the year, their volume totalled 35.7 billion yuan, while for the whole of last year it was less than 60 billion yuan. In early February, the currency swap rates exceeded 4% per annum, which is...
