UAE Warns US It Could Sell Oil in Chinese Yuan if War Drains Dollar Supplies, Triggering Biggest Threat to the Petrodollar Since the 1970s
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Chinese Yuan Surpasses 12 Rubles for the First Time Since September 2025
Today, the Chinese yuan reached 12.002 rubles, hitting its highest level since September 11, 2025. This marks an increase of 18.2 kopecks from the previous close and 25.79 kopecks above the official rate. The rise reflects yuan’s strengthening amid growing Russia-China cooperation and stabilizing global markets.
Experts highlight the yuan’s resilience as crucial for bilateral economic ties.
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The main news of Russia and the world ishere.
The ruble declined following the Ministry of Finance’s resumption of currency and gold operations under the budget rule starting in May. As of 15:46 MSK, the Chinese yuan rose to 11.095 rubles, up 1.3% from the previous close and 10.19 kopecks above the official rate. These shifts indicate market caution amid new government financial actions.
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The main news of Russia and the world ishere.
China Proposes Trade Deal Restoration
China aims to restore the "Phase 1" trade deal with the U.S. to resolve tariff tensions. Key aspects include commitments to avoid yuan devaluation, increase U.S. investments, and reduce fentanyl precursor exports. Details available in the full article.
#China#Trade#Tariffs#US#Economy#Phase1#Fentanyl#Yuan#Investments#WSJ