China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan

The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claiming that the international status of the U.S. dollar is “at risk.” However, financial expert Albert Song believes that it will not affect the U.

S. dollar’s status as the leading global reserve currency. Fenwei Energy Information Service Co., China’s leading information and service provider to the coal and coke industries, revealed…