Russia's economy is now so isolated that it has few options other than the Chinese yuan for its reserves

Contributing sentiments towards policy:

45% : Russia's central bank reported holding $599 billion in international reserves in 2023 -- including the $300 billion frozen by the West that the US and EU are eying for the reconstruction of Ukraine.
44% : Countries around the world have been spooked by the West's use of the dollar-based global financial system to punish Russia -- which has in turn driven some countries to turn to alternative currencies, including the yuan, for diversification.

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