Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Mujahideen Movement: The two were killed along with dozens of others from their family in a cowardly Zionist assassination that targeted the Sabra neighborhood today
The Palestinian Mujahideen Movement mourns the martyrdom of its Secretary-General, Asaad Attiya Abu Sharia "Abu Al-Sheikh", along with his brother Ahmad
Abu Zaid: I believe that the Iranian operation was multi-layered, combining cyber and electronic attacks with coordinated on-the-ground infiltrations by agents
Abu Zaid: Usually, archives of such sensitivity are typically protected by a full-scale security system, but it appears that Iranian intelligence managed to make use of a gap in it
Strategic military expert Nidal Abu Zaid: Iran has stripped "Israel" of the superiority and deterrence long boasted by its security minister, chief of staff, and other top officials
Fallahpour: Iran may use these documents in its battle with the United States and Western countries over its nuclear program
Fallahpour: Iran may have obtained additional documents related to "Israel's" regional projects, not just its nuclear program
Fallahpour: The coming weeks will be full of surprises, as Iran has forced Israeli intelligence agencies into a state of psychological exhaustion
Al Mayadeen's correspondent in Tehran, Siavash Fallahpour: Iran has redefined the concept of deterrence, shifting it away from traditional military balance toward a new strategic framework
Sources to Al Mayadeen: Number of documents so great that merely studying them, along with accompanying images and footage will require a great deal of time.

Yuan bonds to debut on the Russian market

  • By Al Mayadeen English
  • Source: Agencies
  • 29 Aug 2022 15:58
  • 3 Shares
2 Min Read

The sales of ruble bonds may resume in the second half of September.

  • x
  • Trading volumes between the Chinese currency and the Russian ruble have grown 40-fold since the start of the year.
    Trading volumes between the Chinese currency and the Russian ruble have grown 40-fold since the start of the year.

Russia plans to return to local bond sales after a six-month pause, Bloomberg reported on Wednesday. Also, the Kremlin reportedly wants Chinese yuan-denominated debt to help the Russian market recover.

The report highlighted that ruble bonds could likely be back on the market in the second half of September. Meanwhile, the report added, the debut of yuan bonds on the Russian market won’t happen until next year.

“A long-mulled plan to debut Chinese currency notes locally is being dusted off with fresh urgency as yuan trading volumes surge after sanctions shut Russia out of its traditional markets in the US and Europe,” an unnamed source said.

Trading volumes between the Chinese currency and the Russian ruble have grown 40-fold since the start of the year, as per Bloomberg data.

Related News

Sputnik: US banks decline to confirm return to Russian bond trade

Limited Russian bond trading allowed after US approval - Reuters

“With hundreds of millions of dollars coming into government coffers from energy revenue each day, the government has no need to borrow now, and sales of yuan debt would serve solely as a benchmark for companies looking to tap the market,” the source was quoted as saying.

Russia’s biggest gold miner, Polyus and aluminum giant Rusal International have already started transacting in the yuan, according to reports.

The Chinese foreign ministry told TASS in March that it did not rule out the possibility of using rubles or yuans in energy commerce with Russia.

When asked if China is ready to use rubles or yuans for Russian energy sources instead of the US dollar, the ministry responded by saying "Market players are free to choose the currency in bilateral settlements," adding that "the use of own national currencies in the process of regular trade and economic cooperation may help avoid currency risks and reduce losses stemming from currency exchange."

According to Beijing, Chinese enterprises want to utilize rubles or yuans in commerce with Russia on an equitable and mutually advantageous basis, taking market developments into consideration. "Naturally, we will use currency of other countries due to various considerations," the ministry said.

Read: Yuan more preferable as China, Russia de-dollarize trade

  • Russia
  • Yuan
  • Russian bonds
  • China
  • Kremlin
  • Ruble

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
The logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025

Coverage

All
War on Gaza

Read Next

All
https://english.almayadeen.net/news/politics/pentagon-chief--nato-likely-to-back-trump-s-5--defence-spend
Politics

Europe spent $3 trillion on defense, but got little in return - FT

Power, parties, and scandal: Trump’s ties to Epstein: Telegraph
Europe

Power, parties, and scandal: Trump’s ties to Epstein - The Telegraph

Eilat port as seen from the sea, occupied Palestine, March 12 2009 (wikimedia commons)
Politics

YAF operations forced 80% plunge in Eilat port revenues in 2024

EU backs International Criminal Court after US sanctions judges
Europe

EU backs International Criminal Court after US sanctions judges

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS