Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be small and symbolic in the beginning, these will supposedly demonstrate a turnaround in the economy of the country. Russia to Purchase Chinese Yuan for Reserves Russia will start purchasing Chinese yuan for the first time since the invasion of Ukraine, according to reports from local economists. The move marks a departure from the sell-off that the Russian Federation began executing at the start of 2023, cutting its numbers since February. The purchase of these funds in Chinese yuan will help the country to keep piling up on its reserves, which had been cut by the seizures of more than $300 billion in assets due to Western sanctions enacted as a consequence of the start of the Russia-Ukraine conflict. About these purchases, Bloomberg economist Alexander Isakov stated : The volumes of FX purcha
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