'Can't Beat the Dollar': Russia's Yuan Retreat Exposes Xi's Global Currency Challenge | Vantage
Russia’s push to replace the US dollar with China’s yuan is faltering, with the yuan’s share of Russian export payments halving to 22% amid sanctions, Chinese banks’ reluctance and Beijing’s capital controls. Meanwhile, Iran has threatened to strike Europe if NATO nations allow Donald Trump to use their airbases for renewed attacks on Tehran. With Iranian ballistic and cruise missiles potentially capable of reaching parts of Europe, the threats raise fears of a wider conflict. Is Moscow losing faith in the yuan, and could Tehran’s warning drag Europe into another confrontation? Hem Kaur Saroya tells you more on Vantage on Firstpost.---
Russia | China | Chinese Yuan | US Dollar | Vladimir Putin | US Sanctions | Russian Economy | Iran | NATO | Donald Trump | European Airbases | Iranian Missiles | Middle East Conflict | Firstpost | Hem Saroya | Vantage
#russia #china #yuan #usdollar #putin #ussanctions #iran #nato #donaldtrump #iranianmissiles #europe #middleeastconflict #firstpost #vantageonfirstpost
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