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47 sats \ 0 replies \ @Solomonsatoshi 13 Sep \ on: Hong Kong: Russia and China Bypass US Sanctions with Gold news
Given most of Russia oil and gas exports now go to China (at a discount price) the payment for these sales is made in Yuan and thereby Russia can purchase the imports it needs from China with these. Even more convenient is the fact that Chinas Yuan can now be held in the CBDC form, known as DCEP, ideal for transnational payments...exactly as it was designed to be.
USD vs DCEP vs BTC