MOSCOW, Oct 15 (Reuters) - The Russian rouble

strengthened against China's yuan but weakened against the U.S.

dollar, reflecting global forex trends and weaker oil as trade

in the Chinese yuan continued uninterrupted.

By 0830 GMT, the rouble was up 0.8% at 13.35

against the yuan in the over-the counter (OTC) market, according

to LSEG data. It was down 1.2% to 96.85 against the

dollar.

Trading in yuan at the Moscow Stock Exchange (MOEX)

continued as usual on the second day after the expiry of a

licence from the U.S. Treasury Department's Office of Foreign

Assets Control (OFAC) that allowed banks to deal with MOEX.

At 0730 GMT, the volume in yuan trade for tomorrow's

settlement on MOEX stood at 10.5 billion roubles ($108.81

million). The yuan weakened by 0.2% to 13.55 against the rouble

on MOEX, diverging from the OTC market trade

The OFAC licence was issued to allow banks to wind down

operations with MOEX during the four months after Western

sanctions on the exchange and its clearing agent, the National

Clearing Centre, were introduced on June 12.

The sanctions stopped all trade in dollars and euros at

MOEX, making China's yuan the most traded foreign currency in

Russia. Trade in dollars and euros has shifted to the

over-the-counter (OTC) market, obscuring price data.

In the run-up to the licence expiry date, yuan rallied on

market concerns that Chinese banks operating in Russia and

providing yuan liquidity may pull out to comply with Western

sanctions.

The central bank cut yuan swap limits to 25 billion yuan

from 30 billion on Tuesday, seeking to cool down commercial

banks' lending in the Chinese currency which has boomed in

recent months, also contributing to the rally in yuan.

The rouble weakened by 0.86% to 105.19 against the euro

, LSEG data showed.

Brent crude oil, a global benchmark for Russia's

main export, was down 3.9% to $74.42 a barrel, on weaker demand

outlook.

($1 = 96.5000 roubles)