Trade and infrastructure will drive Russian RMB market
![Moscow Russia 230px](https://assets.euromoneydigital.com/dims4/default/845f5b4/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F04%2F68%2F9b02d8463681a3c58ea0858c56f7%2Fmoscow-230px.jpg)
Russia and its companies are looking east, as conflicts and sanctions sour relationships with the West. The result could be a big boost for China's drive to internationalise the renminbi, as Russia looks to reduce its dependence on the dollar and China seeks the long term goal of establishing a rival global reserve currency. Trade and infrastructure finance will be hot areas, and could be boosted with the emergence of a new China-led development bank.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: