For the first time since it invaded Ukraine, Russia is expected to start buying Chinese yuan again to replenish its foreign reserves
over $300 billion worth of assets held by Russia's central bank.
"The volumes of FX purchases will be small initially, but highly symbolic as they will show that the country instead of eating through reserves is building them," said Alexander Isakov, a Russia economist, at Bloomberg Economics. Russia, an energy giant, has managed to maintain its energy revenues even in the face of Western sanctions.
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