Financial links

December 2010: The yuan begins trading against the rouble in the Chinese interbank market and on Russia’s foreign exchange market

October 2014: Beijing and Moscow sign a 150 billion yuan central bank liquidity swap line agreement to negate US sanctions imposed after the agreement to use national currencies instead of the dollar.

December 2014: In light of the rouble’s depreciation, Wang Yi, China’s foreign minister, pledges to offer financial support to Russia and support the currency if required.