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There has been a significant jump in the demand for Yuan arising from short-circuiting the sanctions in place by corporates in select jurisdictions who have been utilizing multitude of non-dollar currencies to procure crude and other commodities.

Krasnodarskiy krayVladimir putinTayyip erdoganRead now european unionDollar distancingTurkish president recep tayyip erdoganRussian president vladimir putinNow european unionCentral banksDollar distancingDollar dominanceAlternative currenciesOn dollar tradeHy is jump in yuan demandUssia turkey tradeIndia oil import from russia