The Bank of Russia purchased 5.3 billion rubles ($68 million) worth of Chinese yuan on the domestic market with settlements on July 1, according to data published by the regulator.
This marks the latest in a series of interventions by the central bank to manage foreign currency flows.
56 million) in yuan, indicating a sustained effort to influence the exchange rate and stabilize the ruble.
Just two days prior, on June 29, the Bank of Russia bought 5.5 billion rubles ($70.56 million) in yuan, indicating a sustained effort to influence the exchange rate and stabilize the ruble.
The purchases come as the official exchange rate for the US dollar edged up slightly to 77.7539 rubles on June 30, while the euro was set at 88.6472 rubles.
The marginal increase in the dollar rate suggests persistent pressure on the ruble, prompting the central bank to continue its active management of the currency market.
These interventions highlight the growing importance of the yuan in Russia's foreign exchange operations, reflecting the shift in trade and financial ties toward China amid ongoing geopolitical tensions and sanctions.