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.
  • MisterFrog@lemmy.worldEnglish
    2·
    4 months ago

    I am always neutral on this sort of thing (i.e. I believe in democracy, and despite what people will have you believe, Taiwan is not a monolith of opinion of the one China / reunification / independence question)

    But this is fucking hilarious