For the first time, Russia will borrow in Chinese yuan to plug its ballooning budget deficit, Reuters reports. The finance ministry plans to issue ¥300-400 billion worth of yuan-denominated bonds domestically, after failing for over a decade to secure favorable terms from Beijing. First placements may come in December.
https://x.com/NOELreports/status/1984266875904090370
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>>520260093 Who's the Chink now?
For the first time, Russia will borrow in Chinese yuan to plug its ballooning budget deficit, Reuters reports. The finance ministry plans to issue ¥300-400 billion worth of yuan-denominated bonds domestically, after failing for over a decade to secure favorable terms from Beijing. First placements may come in December.
https://x.com/NOELreports/status/1984266875904090370
For the first time, Russia will borrow in Chinese yuan to plug its ballooning budget deficit, Reuters reports. The finance ministry plans to issue ¥300-400 billion worth of yuan-denominated bonds domestically, after failing for over a decade to secure favorable terms from Beijing. First placements may come in December.
https://x.com/NOELreports/status/1984266875904090370