Dedollarizing | Russian wealth fund gets rid of the US dollar over sanctions threat

Dedollarizing | Russian wealth fund gets rid of the US dollar over sanctions threat

Russia’s National Wealth Fund is done with the dollar as its structure is now 40% euro, 30% Chinese yuan, and 20% gold. The remainder consists of Japanese yen and British pounds sterling. The decision was partly driven by the issue of sanctions being used against the country.

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