Carnegie: Right now, there are not enough yuan in Russia for b | RussiaGate #Digest

Carnegie: Right now, there are not enough yuan in Russia for both trade and sterilizing profits from energy exports. More yuan could be made available through a currency swap that would enable Russia’s central bank to top up its reserves of yuan liquidity from its Chinese counterpart, the People’s Bank of China, but that’s something Beijing is unlikely to agree to: it could be seen as providing financial support to Russia, which could land China with secondary sanctions. Russia tried to persuade China to agree to a currency swap back in March, but to no avail.