Russia's yuan reserves are nearly depleted due to Chinese banks' fear of US sanctions.
Lenders have urged Russia's central bank to address the yuan deficit, causing the ruble to drop.
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Russia's banks have practically emptied their stash of yuan, largely because Chinese financial firms are spooked from doing business with the nation.
Lenders have urged Russia's central bank to address a yuan liquidity shortage in the nation, with insiders saying that access to the Chinese currency was running dry, Reuters reported.
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with nearly all Chinese banks stopping transactions with Russia.
Russia's central bank said the yuan had become its main exchange currency this year, accounting for more than half of all currency trades in the nation. »
