Sanctions-Proof Yuan to Putin’s Rescue After Oil Cap Hits Budget
The price cap on Russian crude oil exports is starving President Vladimir Putin’s budget of income, though it likely won’t force him to ratchet down spending for years thanks to a $45 billion buffer of yuan reserves.
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### Instruction: Sanctions-Proof Yuan to Putin’s Rescue After Oil Cap Hits Budget

### Response: The price cap on Russian crude oil exports is starving President Vladimir Putin’s budget of income, though it likely won’t force him to ratchet down spending for years thanks to a $45 billion buffer of yuan reserves.