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•2 months ago

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

    • @ulkeshEnglish
      22•2 months ago

      Putin’s fragile ego won’t allow that.

    • @[email protected]English
      9•2 months ago

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