According to the China Foreign Exchange Trade System (CFETS), the ruble has become the 11th currency in the yuans swaps trading.
On December 26, CFETS reported on its website that swaps and forwards trading between the yuan and national currencies of Russia, Malaysia and New Zealand would start on December 29.
Earlier in December, China's Minister of Commerce Gao Hucheng claimed that China could increase the usage of yuan in trade with Russia amid the ruble's depreciation.
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