俄罗斯一招破局！豪掷4000亿卢布人民币债券，急抱中国大腿

Core Viewpoint - Russia's Ministry of Finance has announced the issuance of its first sovereign bonds denominated in RMB, amounting to 400 billion rubles, marking a significant shift in global financial dynamics and a strategic move towards de-dollarization [1][3][9] Group 1: Issuance Details - The bonds will be issued in three maturities: 3 years, 5 years, and 10 years, with the issuance expected to begin in early December [1] - The total amount of 400 billion rubles is approximately 30 billion yuan, making it a substantial issuance in the context of emerging market RMB bonds [1] Group 2: Reasons for Choosing RMB - The decision to issue bonds in RMB is largely a response to unprecedented financial sanctions imposed by the West following the Ukraine conflict, which have severely restricted Russia's access to traditional currencies like USD and EUR [3][5] - Over 95% of trade between China and Russia is already settled in RMB, with bilateral trade reaching a record high of 220 billion USD in 2023, primarily driven by energy exports [3][5] Group 3: Strategic Implications - This issuance represents a significant endorsement of the RMB as a reliable international currency, potentially encouraging other emerging markets to follow suit, thereby enhancing the RMB's status in the global monetary system [7][9] - The move is seen as a demonstration of deepening Sino-Russian cooperation, extending beyond trade to financial integration, which could have broader implications for global multipolarity and resistance to unilateral sanctions [9][10] Group 4: Market Reception - There is strong demand for RMB-denominated bonds from domestic Chinese institutional investors and interest from other emerging market countries looking to mitigate USD risks [9] - Despite Western downgrades of Russia's sovereign credit rating, its debt repayment capacity remains robust due to stable income from energy exports [9]