A key US license allowing Russian yuan transactions is set to expire mid-October.
That could make Chinese banks more hesitant to deal in Russia, worsening Moscow's yuan shortage.
AdvertisementIt may about to be way harder for Russia to get its hands on Chinese yuan.
Dollar and euro trading on the Moscow Exchange have already been shut down with the latest round of Western sanctions.
Chinese banks have also held up billions of dollars worth of yuan payments intended for Russia, Reuters reported last month, which has also contributed to the yuan shortage.
Persons:
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Organizations:
Reuters, Service, US Treasury, Moscow Exchange, National Clearing Center, Treasury, Bank of
Locations:
Russia, Moscow, Bank of Russia