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
    0·
    2 months ago

    The lack of response was responsible for WW2.

    So maybe the true lesson is that we need to get even more involved on the ground in Ukraine.