'Yuan Can't Save Us': Putin's Russia Ditches China's Currency as US Sanctions Bite | Vantage

Vladimir Putin wanted to reduce Russia’s dependence on the US dollar. His alternative was China’s yuan. But the plan is now hitting a major roadblock. A new report says the yuan’s share of payments for Russian exports has halved to just 22% this year, as Moscow increasingly turns back to the rouble. In this video, Firstpost examines why Russia’s push to replace the dollar with the yuan is faltering. From US sanctions and Chinese banks’ reluctance to process Russian payments to Beijing’s strict…