Russian banks say they've run out of yuan as Chinese firms pull away from the nation
Russian banks say they've run out of yuan as Chinese firms pull away from the nation
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.
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Hot take:
China has lost all faith in Russia. Is reorganizing to reflect that.
And maybe is even considering Taiwan's advice, lol.
What's "Taiwan's advice"? What did Taiwan tell China about Russia?
Taiwan made a sarcastic comment.
Essentially calling out their policy of "Territorial Integrity", they told them to take back land they gave to Russia
Ohhh that one. I see. Thanks.
I am always neutral on this sort of thing (i.e. I believe in democracy, and despite what people will have you believe, Taiwan is not a monolith of opinion of the one China / reunification / independence question)
But this is fucking hilarious
The president or prime minister said that if China is serious about reclaiming Taiwan, it should also reclaim land that is currently Russian, as that land was also lost during the same time period.
It would also be much easier to conquer than Taiwan.
Hotter take:
China is on the brink of financial collapse and no longer can afford to support Russia’s bullshit.