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Russia Taps Yuan Bond Market in Second Offering

Russia opened bidding for its second issuance of yuan-denominated sovereign bonds following high-level diplomatic discussions in Beijing. The move deepens financial ties between Moscow and China. Russia's pivot toward yuan-based financing reflects efforts to reduce reliance on Western capital markets. The bond sale reflects de-dollarization trends in bilateral trade. Recent talks between Russian and Chinese officials have focused on expanding economic cooperation. The offering provides Moscow with alternative funding channels while giving Chinese investors direct exposure to Russian sovereign debt.