Bretton Woods III? China Begins Buying Russian Coal And Oil In Yuan

Zero Hedge: The old economic order, in which the dollar’s centrality to global trade remains king, is beginning to fade. The latest example of the dollar’s demise comes as China purchases coal and oil from Russia in yuan due to Western sanctions isolating Russian banks from the SWIFT payment system. Chinese commodity firms purchased Russian coal in local currency in March, and the first shipments are expected to arrive in China this month, according to Bloomberg,

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