• @paddirn
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    323 months ago

    “But the doors to alternative modes of transfers are closing fast. Russia is now looking to crypto and barter trade.”

    Huh, I wonder if this is partly why it seems like crypto has been popping back up in the news so much lately.

    • Armaell
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      23 months ago

      Crypto is back in the news more like because it’s going up again.

      Now if crypto is going up again, maybe because of that

    • Armaell
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      -33 months ago

      Crypto is back in the news more like because it’s going up again.

      Now if crypto is going up again, maybe because of that

  • @P00ptart
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    53 months ago

    God damn. They’re so fucked if this is true.

    • @[email protected]
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      93 months ago

      They are pretty much all mostly government owned. Especially the big ones. The CCP tells them which industries they are supposed to lend to. However they are allowed to choose the companies and also get to do some independent business, if that makes money.

      The problem is that Russia is a small fish on the international stage, but the US and EU are massive. All Chinese banks have ties to them and rather not receive secondary sanctions.

        • @[email protected]
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          33 months ago

          It is and it is actually even worse for Russia, as it is not just Chinese, but also Central Asian banks. That makes migrating to Russia for work even worse for them. Russia already has labor shortages, so this will bite badly.