"But the situation is changing and it is possible that a window of opportunity will appear before the end of this year, then we will issue yuan bonds."
Russian firms placed bonds worth 1.7 billion yuan ($237.5 million) in May.
The bank has issued 140 billion roubles ($1.7 billion) worth of rouble-denominated bonds this year, he said, and would continue to do so at the right price.
The head of Sberbank rival VTB last week told Reuters Russia's economy had adapted to sanctions.
Sberbank's record first-quarter profit of 357.2 billion roubles featured no one-time revenues, meaning profits should grow as the business does, Skvortsov said.
Persons:
Taras Skvortsov, Skvortsov, VTB, Alexander Marrow, Elena Fabrichnaya, Lisa ShumakerOrganizations:Reuters, Monetary Fund, ThomsonLocations:Russia, Ukraine MOSCOW, Ukraine
The yuan's share of the Russian currency market is now 40%-45% vs. less than 1% at the start of the year, according to the Moscow Exchange.
Russia's central bank is pushing for a balanced transition to the yuan that includes imports, exports and capital transactions.
The yuan's share of the currency market is now 40%-45%, up from less than 1% at the start of the year, the Moscow Exchange told Reuters.
Russian companies like Rosneft and Polyus have raised considerable amounts of yuan in the Chinese bond market this year.
"It is also important that the transition to the yuan is balanced, addressing both exports and imports, as well as payments for capital transactions," the central bank said in a financial stability report.
[1/2] Chinese Yuan and U.S. dollar banknotes are seen behind illuminated stock graph in this illustration taken February 10, 2020.
His contract manufacturing business with Russia has been small in the past, but now he's preparing to invest in warehousing there.
He sees a win-win situation in Chinese exporters reducing their currency risks and payment becoming more convenient for Russian buyers.
The U.S. Treasury declined to comment on the yuan's growing presence in Russia.
($1 = 7.2074 Chinese yuan renminbi)Editing by Vidya Ranganathan and Pravin CharOur Standards: The Thomson Reuters Trust Principles.
[1/3] Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022.
REUTERS/Dado Ruvic/IllustrationNov 15 (Reuters) - Shares of Russian blue chips including Gazprom (GAZP.MM), Rosneft (ROSN.MM), Sberbank (SBER.MM), Polyus (PLZL.MM) and Nornickel (GMKN.MM) were down by down 2-3.8% in late trade in Moscow.
Two people were killed in an explosion in Przewodow, a village in eastern Poland near the border with Ukraine, firefighters said on Tuesday.
Russian defense ministry said no strikes near Ukrainian-Polish border were conducted by Russian weapons.
Reporting by Reuters; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
[1/2] People buy food at stalls promoting China's digital yuan, or e-CNY, during the 2022 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022.
REUTERS/Tingshu WangHONG KONG/SHANGHAI, Oct 27 (Reuters) - China's digital yuan took the centre stage in the world's largest cross-border central bank digital currency (CBDC) trial to date, a report showed, pointing to how Beijing is speeding up yuan globalization efforts amid rising geopolitical tensions.
China's digital currency, or e-CNY, was the most issued, and actively transacted token in the $22 million pilot that used CBDCs to settle cross-border trades, a Bank of International Settlement (BIS) report showed.
The PBOC's participation in m-Bridge represents its ambition to eventually promote global, wholesale use of the e-CNY.
But China's yuan internationalisation, digital or not, faces challenges amid a slowing economy ravaged by COVID flare-ups, and a property debt crisis.
Cea mai mare companie minieră rusească, Polyus, a anunțat că lucrează pentru a-și securiza proprietatea de sută la sută a depozitului de aur Sukhoi Log din Siberia
Locations:Siberia