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Chinese yuan strengthens against the ruble by 2%, while the dollar falls by 1.5%

Yesterday, Russian regulators discussed the possibility of replenishing reserves in yuan, as well as the renewal of the budget rule. A possible accumulation currency within the framework of the budget rule could be the yuan.

The Central Bank also continues to insist on increasing the circulation of the yuan in the country. Given the Central Bank's reluctance to buy the dollar and stabilize the exchange rate, there is a possibility that the Ministry of Finance and the Central Bank may support the yuan exchange rate.

However, it is still a long way to go to the levels of the SWE - at that time the yuan was fluctuating around 12-14 rubles per Chinese currency.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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