BondsShift toward fundraising in China's currency intended to lessen reliance on US dollarRussian President Vladimir Putin, left, met Chinese President Xi Jinping in Beijing on May 20. © ReutersFUTOSHI KUWAMOTOJune 2, 2026 07:05 JSTLONDON -- Russia will issue yuan-denominated sovereign bonds worth 10 billion yuan ($1.47 billion) Wednesday, the Finance Ministry said, illustrating how Moscow increasingly raises money in China's currency in lieu of dollars to offset the toll of sanctions.
Russia doubles down on issuing yuan-denominated bonds
Shift toward fundraising in China's currency intended to lessen reliance on US dollar
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