Russia will restart FX operations under the fiscal rule, buying or selling Chinese yuan on the local market from Jan. 13, the Finance Ministry and central bank said in a statement (BBG).
These headlines are largely in-line with expectations. On Dec 30, the Finance Minister told reporters that the ministry intends to replenish the National Wealth Fund in yuan as part of the budget rule.
The finance ministry further clarified last year that the Wealth Fund will not be invested in USD assets.

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Russia will restart FX operations under the fiscal rule, buying or selling Chinese yuan on the local market from Jan. 13, the Finance Ministry and central bank said in a statement (BBG).
These headlines are largely in-line with expectations. On Dec 30, the Finance Minister told reporters that the ministry intends to replenish the National Wealth Fund in yuan as part of the budget rule.
The finance ministry further clarified last year that the Wealth Fund will not be invested in USD assets.

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Russia to Start Buying Chinese Yuan for Wealth Fund