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Russia sanctions threaten US dollar – top financial institution
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Western trade restrictions have led to an increased usage of the Chinese yuan at the expense of the greenback, the EBRD has claimed The European Bank for Reconstruction and Development (EBRD) has warned that Russia’s growing trade in the Chinese yuan as a response to Western sanctions could potentially erode the strength of the US dollar, according to a recent Bloomberg report. The share of greenbacks in mutual settlements between Moscow and Beijing has substantially shrunk over the past two years, official statistics show. “You see that this increase in the usage of the Chinese currency is coming at the expense o

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