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China’s Currency Push Gains Ground as Russia Nears Issuance of Yuan Bond

Foreign governments have raised a record 13 billion yuan (US$1.8 billion) via yuan bonds this year, Bloomberg-compiled data shows.

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The issue on the Russian domestic market of Yuan-denominated state bonds — which can be purchased using Chinese currency or rubles — has been an idea that has been under way for at least a decade.3 This has been studied more seriously since 2022, while Russia's sanctions and exclusion from many Western markets have led its companies to trade more with China. The amount of bilateral trade between Beijing and Moscow has more than doubled in five y…

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Financial Post broke the news in Canada on Sunday, November 30, 2025.
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