Sanctions force South Asian nation to ditch dollar payments to Russia – Nikkei Asia ...News

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Sanctions force South Asian nation to ditch dollar payments to Russia – Nikkei Asia
Bangladesh will repay a loan for the construction of its first nuclear power plant in Chinese yuan Bangladesh is set to make loan repayments in Chinese yuan for its nuclear power plant being built by Russia, as a way to sidestep Western sanctions, Nikkei Asia reported on Monday. According to the news outlet, the decision follows last week’s high-level talks between the sides, where it was agreed that the bills could be paid in yuan. Bangladesh owes Russia the equivalent of $110 million for the facility, which is still under construction. “Because of the sanctions against Russian banks… we couldn't process payments

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