ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Russia's embrace of yuan cannot bring financial stability

Reliance on the Chinese currency brings new risks and complications

| Russia & Caucasus
The transfer of Russia's reserve assets into yuan does not eliminate geopolitical risk.    © Reuters

Nuriya Kapralou is an adviser to Oxford Analytica on Russian economics.

Russia's invasion of Ukraine prompted a massive wave of sanctions from the world's most developed nations. Moscow's access to international capital markets and financial infrastructure was severed and its external trade relations severely disrupted as the sanctioning states previously accounted for about half of its exports and imports.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more