China is looking to challenge the dominance of the US dollar by promoting the use of the yuan in crude transactions. The petroyuan, as it’s called, is gaining momentum, particularly after Russia’s invasion of Ukraine, which triggered a larger embrace of the yuan for oil sales. Moscow has since become an Asian nation and has […]
China looks to weaken US dollar with petroyuan
China is looking to challenge the dominance of the US dollar by promoting the use of the yuan in crude transactions. The petroyuan, as it’s called, is gaining momentum, particularly after Russia’s invasion of Ukraine, which triggered a larger embrace of the yuan for oil sales. Moscow has since become an Asian nation and has […]