[cityhantam]

https://markets.businessinsider.com/news...ank-2022-9

Russia's top banks have started lending out yuan and transferring China's currency outside the SWIFT system


Russia's top banks have deepened their ties to China's currency and financial system.

Moscow-based lender Sberbank said Tuesday it has started lending out money in yuan.

VTB said it is the first Russian bank to launch money transfers to China via the yuan outside the SWIFT messaging network.
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