r/collapze • u/dumnezero 🔚End the 🔫arms 🐀rat 🏁race to the bottom↘️. • Aug 15 '24
War bad Nearly all Chinese banks are refusing to process payments from Russia, report says
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u/xXXxRMxXXx Aug 15 '24
This part stuck out to me. "Last month, the Russian outlet Kommersant reported that about 80% of bank transfers made in the Chinese yuan were bouncing back with no explanation after being stalled for weeks while banks decided whether they could transact."
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u/ClosetCaseGrowSpace Aug 15 '24
China and Russia have a very strong strategic and economic partnership. I doubt China is deliberately fucking with Russia's money. That's what The West does. Not China.
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u/dumnezero 🔚End the 🔫arms 🐀rat 🏁race to the bottom↘️. Aug 15 '24
Even if they do, they probably don't want their banks to implode.
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u/pegaunisusicorn Aug 17 '24
maybe china just doesn't want to be holding rubles as russia's inflation spins out of control
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u/dumnezero 🔚End the 🔫arms 🐀rat 🏁race to the bottom↘️. Aug 15 '24
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u/EsotericLion369 Aug 15 '24
If Monero prices and daily volume suddenly jumps, russians are buying.
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u/fronch_fries Aug 15 '24
They should do Israel too tbh