>>519033403
>Yuanisation of Russia
It's not unlikely that some companies, especially export facing ones, are de facto operating almost entirely in Yuan given the growing presence of Chinese banks in Russia.
If you look at how 3rd world countries work - they don't really. Many businesses in those countries openly pay their workers in a combination of currencies. The national one which is used for daily expenses and something like US Dollars which is for saving and investment.
In Russia's case retail purchases of USD aren't available but CNY is. I don't think we'd get told about it in news but I wouldn't be surprised if we read sometime next year that workers are being paid in Rubles and Yuan and keeping their Yuan saved in Chinese banks. If this isn't officially stopped, maybe Russian banks even begin to accept Yuan deposits for retail customers and offer Yuan loans for retail customers. Yuan loans for ordinary lending will happen on the black market first before it becomes official however.
Some cursory searching netted me this:
https://www.reuters.com/business/finance/russias-sberbank-sees-50-increase-chinese-businesses-opening-accounts-past-year-2025-06-19/