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Russian banks say they've run out of yuan as Chinese firms pull away from the nation (markets.businessinsider.com)

submitted 2 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 4 points 2 months ago

It also means that China can take advantage of Russia to get much more than it could usually get for their gear. China is not helping Russia out of the goodness of it's heart or some ideological reason. They're taking advantage.

Yep, China, and Iran and India and whoever else. Current admin sets the conditions of trade that would scar the economy long after all these senile gambling gramps die. Reparations don't sound that awful when you consider how much shit they probably promised to or leased from these 'brotherly' countries. Even if I happened to be a Z-patriot, I can't see myself swallowing that.

Not all rockets are made equally.

You are right. And the fact that they scratch the bottom of the barrel like asking NK means they are desperate. Still, not enough supplies to Ukraine to counter that and I want them to have these, as a russian citizen.