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.
  • InvertedParallax@lemm.eeEnglish
    224·
    2 months ago

    No, you’re right, we can’t do anything beyond harsh criticism, no, even that’s too far, what if we hurt some of the genocider’s feelings?

    They’re sending their kids into a meat grinder because they hope other people’s kids will feel more pain in that same meat grinder.

      • skulblaka@sh.itjust.worksEnglish
        101·
        2 months ago

        China is pulling all their funding from Russia due to sanctions. That’s the article we’re in the comments of.

        • ABCDE@lemmy.worldEnglish
          13·
          2 months ago

          Chinese businesses. “All” is not true. And what changes will this result in?

          • skulblaka@sh.itjust.worksEnglish
            5·
            2 months ago

            Uh, Russia will be too broke to continue funding their war offensive in Ukraine, and then if they try to continue it anyway they’ll be too broke to continue functioning as a nation. That’s kind of the point of sanctions. Did you read the article?

            Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with nearly all Chinese banks stopping transactions with Russia. Some banks have even returned payments for goods that had already been sent to Russia, out of fear of being targeted by sanctions, a Russian media outlet reported.

            Drop the war, investors return, everyone is happy. If they want to continue the war they better start checking their couch cushions for rubles. That’s what the sanctions are for, that’s what they do. It’s a lever to pull to convince Putin to back off his warmongering without resorting to direct violence against Moscow and, undoubtedly, innocents caught up in it.