Russia's use of the Chinese yuan surges as the Kremlin looks to bypass sanctions

• The yuan's share of Russian import invoicing has jumped to 20% since the Ukraine war, a study found.
• The yuan was more pronounced in the import of sanctioned goods, the European Bank for Reconstruction and Development wrote.
• Yuan invoicing was especially pronounced in the import of industrial-capacity goods that have been sanctioned.

Use of the Chinese yuan has jumped considerably in Russian trade, becoming a preferential vehicle currency in the face of Western sanctions.