Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with Chinese firms pulling back amid fear of sanctions.
  • 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.
  • China’s hesitance stems from US threats of secondary sanctions over Russia’s Ukraine war financing.
  • prancing389English
    1·
    4 months ago

    And how exactly have you verified this is not just an outright fabrication? This looks like MSM (MainStream Media) propaganda at a time when the USD is losing value against gold, the only real money. What credible other sources have you looked at to verify this?