Financial trade between Russia and China is hitting record highs as they continue to freeze out the dollar.
Monthly volumes on the exchange of ruble and yuan have reportedly soared 1,067% to nearly $4 billion in the past three months, while ruble-dollar trading has dropped to its lowest level in a decade.

‘The main players in the yuan-ruble market are corporations and banks, but there is also a growing interest from retail investors,’ said a strategist from Russia’s Sberbank, which means the financial ties between the two countries could be set to strengthen even further to fend off western sanctions.