Russia said it will issue new government bonds denominated in Chinese yuan just days after Vladimir Putin returned from Beijing, underscoring Moscow’s growing financial dependence on China amid war spending pressures.

Russia plans a second yuan-denominated sovereign bond sale with 10-year maturities, building on its December CNY 20 billion debut issuance amid Western sanctions.

Russia's Finance Ministry is preparing to issue a new tranche of yuan-denominated government bonds to help plug a widening budget deficit that reached nearly 6 trillion rubles…

Russia said it will issue new government bonds denominated in Chinese yuan just days after Vladimir Putin returned from Beijing, underscoring Moscow’s growing financial dependence…