Greetings,
(Russia along with other nations are swiftly getting out of dollar denominated assets and moving towards using the Ruble or even issuing Chinese Yuan backed securities and debt instruments. This does not bode well for the untouchable dollar or US power!)
The Russian Ministry of Finance may issue yuan-denominated debt securities next year, Deputy Minister Alexey Moiseev said on Thursday.
“I think this will definitely not occur this year. Nevertheless, we may get closer to that in the next year,” Moiseev said.
Russia and China already discussed floating of Russian bond and bonds of development institutions and Russian banks, the deputy minister said. “However, we are now in the bureaucratic interaction, so to say, which is advancing but very slowly,” Moiseev added.