screwball Posted April 27, 2023 Report Share Posted April 27, 2023 https://www.firstpost.com/world/de-dollarisation-bangladesh-ditches-dollar-to-pay-russia-in-chinese-yuan-for-nuclear-plant-12470042.html Dhaka: The US dollar is gradually losing its hegemony and this has become all the more real after Bangladesh has decided to settle payment for a nuclear plant to Russia in Chinese yuan. With sanctions on Russia by the US and European nations, Bangladesh was struggling to look out for ways to settle repayments worth $110 million for the Rooppur power plant which is under construction in the South Asian country. Dhaka is constructing the nuclear power plants in collaboration with Russia’s state-owned atomic company Rosatom in a $12.65 billion project. Of the total cost, 90 per cent is financed through a Russian loan repayable within 28 years, with a 10-year grace period. Quote Link to comment Share on other sites More sharing options...
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