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Putin's plan to challenge the US dollar is hitting a major roadblock! Russia is scaling back its reliance on China's yuan as the threat of American secondary sanctions pushes Chinese banks to reconsider transactions with Moscow. The latest figures reveal a dramatic reversal, and a fresh test for the global push to reduce dependence on the dollar.According to Bloomberg, the yuan's share of payments for Russian exports has fallen to just 22 per cent this year - half its peak level in mid-2024, when Washington expanded its secondary sanctions. Russia is increasingly turning back to its own currency, with the ruble now accounting for 69 per cent of payments received for Russian exports to Asia, according to the latest data from the Russian central bank.