Last year, the number of transactions in Chinese yuan doubled due to sanctions policies of the US and the EU. Businessman Oleg Deripaska announced this in a statement. telegram channel.
In his opinion, this indicates the “success” of the West’s measures. He also noted that the transaction volume in yuan could exceed the euro figure within 4 years.
“And at this point, the sanctions can be considered a completed implementation,” the businessman said.
Mid-October in the West statedThe use of yuan in international payments in an environment where relations between the West and Russia and China are deteriorating. The yuan’s share reached an all-time high of 5.8% in September but fell to 5.12% in October, according to SWIFT.
According to the Financial Times, the Chinese yuan surpassed the euro in the list of most used currencies and ranked second after the leader US dollar with a share of 84.15%. While the share of the yuan continued to increase and reached a new record, the share of the euro fell to 5.43%. The dollar has remained stable with a slight decline since December last year, demonstrating its dominance in the global economy.
Previous experts appreciated The consequences of stopping settlements in yuan in the Russian Federation through SWIFT.