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US License Expiration Imperils Russia-China Trade in Chinese Yuan

A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currentl...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

US License Expiration Imperils Russia-China Trade in Chinese Yuan
A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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