Published: March 14th, 2022,
Last updated: March 14th, 2022
According to its own statement, Russia is counting on China to cushion the impact of sanctions imposed by Western countries. The sanctions have cut off Moscow’s access to just over half of its $640 billion in gold and foreign currency reserves, Russia’s Minister of Finance Anton Siluanov said on Sunday, according to a Reuters report. „We have part of our gold and foreign exchange reserves in the Chinese currency, in yuan.“