Russia’s $45 billion stash of yuan is helping Moscow weather sanctions
Russian President Vladimir Putin’s $45 billion stash of yuan is helping Moscow weather sanctions, the Kremlin announced Tuesday. The money, which is stashed in a secret account, is helping to pay for goods and services in China and to support the country’s economy. The sanctions were imposed after the Russian military annexed Crimea, a move that has drawn global condemnation. The sanctions have also done little to dent Putin’s popularity ratings, which are also high.