$20 Billion Oil Deals Paid in Chinese Yuan, US Dollar Left Out
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最新报道：Russia-China crude oil trade hit a record $19.14 billion in 2025, with most transactions settled in yuan and ruble instead of the US dollar. Despite a 2.8% year-on-year decline due to US sanctions, China remains the top buyer of discounted Russian oil, helping sustain Russia’s economy. India also saved $7 billion using local currencies for oil purchases, prompting US tariffs. The shift challenges dollar dominance as emerging economies diversify reserves into yuan and gold.
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