Russia to launch yuan bond sales – media ...News

The ruble-renminbi trading volumes have soared amid Western sanctions Russia is planning to resume local bond sales after a six-month pause, Bloomberg reported on Wednesday. The Kremlin also reportedly wants Chinese yuan-denominated debt to help the recovery of the Russian market.  The report highlighted that ruble bonds, also referred to as OFZs, could potentially be back on the market in the second half of September. Meanwhile, the debut of yuan bonds on the Russian market won’t happen until next year, it said. “A long-mulled plan to debut Chinese currency notes locally is being dusted off with fresh urgency as

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