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.
    • LauraEnglish
      11•11 days ago

      the question is if they could still pull out of the war

      • @ulkeshEnglish
        22•11 days ago

        Putin’s fragile ego won’t allow that.

      • @[email protected]English
        9•11 days ago

        Ukraine doesn’t have the resources to start some weird revenge conquest, given that their allies fear MAD.