TOKYO -- Russia is increasingly relying on the ruble and the yuan for cross-border payments, financing and more about a year since it invaded Ukraine, with Western sanctions limiting access to the dollar and euro.
Currencies
Russia speeds shift to ruble and yuan as sanctions bite
Response to Ukraine war fuels move away from export payments in dollars and euros
The dollar and the euro accounted for 34% and 19% of Russia's export payments as of September, down from 52% and 35% in January, before the sanctions took effect. © Reuters
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