> units stopped issuing U.S. dollar-denominated letters of credit for purchases ... Yuan-denominated letters of credit are still available for some clients [1]

> units stopped issuing U.S. dollar-denominated letters of credit for purchases ... Yuan-denominated letters of credit are still available for some clients [1] Sounds about right; ~We're still willing to do busineses with you, but just not in USD. [1]: https://www.bloombergquint.com/global-economics/chinese-state-banks-restrict-financing-for-russian-commodities https://www.bloombergquint.com/global-economics/chinese-stat...