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.
  • LifeInMultipleChoice@lemmy.worldEnglish
    01·
    13 days ago

    Not fast enough. I agree they work, but often times it hurts all the people, and the ones that have “say” often are slow to help their fellow people.