Moscow Launches Ruble-Renminbi Futures To “Facilitate Trade Between China And Russia”
by Tyler Durden
ZeroHedge.com
03/17/2015
While the west huffs and puffs, and threatens to unleash even more “costs” on Russia in the form of additional sanctions which will assure that Europe’s latest deflationary recession is even more acute, an “isolated” Russia is looking to outside, and to the east, and as part of its most recent de-dollarization initiative, the Moscow Exchange announced it has started trading Chinese Renminbi-Russian Ruble currency futures.
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