World Economy

Russia's Yuan Strategy Crumbles as Secondary Sanctions Bite

FW Desk News

FreightWatch.News

·

Tuesday, November 10, 2026

Russia has effectively halted efforts to shift trade away from the dollar toward China's yuan, surrendering to intensifying U.S. secondary sanctions. The move underscores mounting challenges for nations seeking alternatives to dollar-denominated global commerce.

Separately, Asia-Europe air cargo markets are showing structural shifts. October volumes from China and Hong Kong to European markets declined sharply, according to industry data, as companies recalibrate e-commerce supply chains.

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