09.06.2014 - 23:47 [ RT ]

Russian companies ‘de-dollarize’ and switch to yuan, other Asian currencies

“Over the last few weeks there has been a significant interest in the market from large Russian corporations to start using various products in renminbi and other Asian currencies, and to set up accounts in Asian locations,” Pavel Teplukhin, head of Deutsche Bank in Russia, told the Financial Times, which was published in an article on Sunday.