China’s yuan replaces US dollar as ‘primary’ currency for Russia’s foreign trade

Rapidcreek@lemmy.world to World News@lemmy.world – 195 points –
China’s yuan replaces US dollar as ‘primary’ currency for Russia’s foreign trade
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[Russia is running out of US dollars]

Their US dollars are just frozen in overseas bank accounts. It's not that they don't have them, they just don't have access to them, mostly over sanctions imposed after the Ukraine invasion.