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Russia Faces Yuanization as China Plays Hardball & Trade Contracts Agreed in Yuan not - Joe Blogs
RUSSIA Faces Yuanization as China Plays Hardball & Trade Contracts Agreed in Yuan not Rubles
Russia's Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. Russia has significantly increased the level of trade it is doing with China and this gave Russia the opportunity to establish the Russian Ruble as an internationally recognized currency however in this video I discuss this issue in more detail and reveal how many contracts are being agreed in Russian Ruble v Chinese Yuan and what the implications of this are for Russia.
