Russia is ramping up sales of yuan from its wealth fund as oil and gas revenue weakens

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Getty Images Russia plans to sell more Chinese yuan from its wealth fund this month as oil and gas revenue weakens. The Kremlin expects to sell 74.6 billion rubles worth of foreign currency in June. Oil and gas revenue last month fell short of expectations by 30.6 billion rubles. Russia is ramping up sales of foreign currency held in its wealth fund as oil and gas revenue weakens on lower energy prices. The finance ministry said last week that from June 7 to July 6, about 3.6 billion rubles worth of foreign currency will be sold each, for a total...