The countries commit to expanding the use of the yuan on the Argentinian market for bilateral trade China and Argentina have formalized the expansion of a currency swap deal, Reuters reported on Sunday, citing the Central Bank of Argentina. The step is expected to boost the South American nation’s drained forex reserves.

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The move would help close the loophole that allows Moscow buy sanctioned goods through third parties Brussels may ban certain EU exports to countries that are believed to be re-exporting sanctioned goods to Russia, in a bid to enforce the existing sanctions against the country, the Financial Times reported on Friday, citing sources close to…