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Putin/Xi
Chinese President Xi Jinping and Russian President Vladimir Putin.

PAVEL BYRKIN/SPUTNIK/AFP via Getty Images

  • China imported $88 billion worth of major commodities from Russia in 2022 — a 52% jump from 2021.
  • Much of the trade was done in the Chinese yuan, per Reuters.
  • China has ramped up the use of the yuan to buy commodities such as oil and coal from Russia.

China's not mucking about when it comes to de-dollarization. 

Tags
economy, International, China, Russia, US Dollar, Chinese yuan, De-Dollarization, Sanctions, Ukraine War, News
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China's mounting such a strong attack on the dollar's dominance that it's payin…