- 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.
I didn’t say that.
How have sanctions changed anything?
China is pulling all their funding from Russia due to sanctions. That’s the article we’re in the comments of.
Chinese businesses. “All” is not true. And what changes will this result in?
Uh, Russia will be too broke to continue funding their war offensive in Ukraine, and then if they try to continue it anyway they’ll be too broke to continue functioning as a nation. That’s kind of the point of sanctions. Did you read the article?
Drop the war, investors return, everyone is happy. If they want to continue the war they better start checking their couch cushions for rubles. That’s what the sanctions are for, that’s what they do. It’s a lever to pull to convince Putin to back off his warmongering without resorting to direct violence against Moscow and, undoubtedly, innocents caught up in it.
Again, when has that occurred? Any examples.
You’re intentionally being obtuse.
That’s one way to avoid answering the question I suppose.
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