Russia is not the only major economy to use the Chinese currency for trade settlements as more and more nations seek alternatives to the greenback When Russia’s foreign exchange reserves were frozen and the country was cut off from the SWIFT messaging system in light of the Ukraine conflict, Moscow turned to other settlement options,…
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Today, Beijing is a superpower, but it only has to look over its northern border for a cautionary tale The events of the late 1980s and early 1990s had a major impact not only on the development of Russia and China, but also on the dialogue between the two countries. Moscow and Beijing abandoned decades…