Russia shifts currency focus as Western sanctions bite
The CBR attributes this change to the redirection of trade flows towards the East and a shift in settlement currencies to rubles, yuan, and other currencies of countries friendly to Russia.
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AliExpress halts deliveries to Russia amid tightening restrictions
According to the reports, AliExpress has discontinued all domestic Russian deliveries and is no longer accepting payments in rubles. The platform has also closed Russian suppliers' ability to process orders from other countries.
Currency update: Dollar and euro decline, Yuan sees modest increase on Moscow Exchange
At the opening of trading on Wednesday, the Moscow Exchange witnessed fluctuations in major currency exchange rates. The dollar, in particular, experienced a decline of 11.5 kopecks, settling at 89.6 rubles compared to the previous close.