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
    11·
    3 months ago

    We have no business in Ukraine. NATO is not a defense pact, it has morphed into the offensive alliance to take over Russia. Believe it or not, that will NOT be good for most of the world.