China Deals Major Blow to Russia with Payments Ban

by Ssider69

11 comments
  1. I thought China’s credit was bad, but for China to deny russian payments, because of russia’s terrible credit rating, this has to be the cherry on top of russia’s financial problems.

    Edit: I apologize for the adlib assumption here on russia’s credit rating, but I just couldn’t help myself.

  2. Qui-Gon Pujinn : I have twenty thousand Republic dataries.

    Xiatto : Republic credits? Republic credits are no good out here, I need something more real.

  3. “UnionPay cards linked to the Huawei Pay service have stopped working in Russia,”

    “UnionPay was widely touted as China’s rescue operation to Russia after Visa, Mastercard and American Express suspended operations in Russia … It became one of the only methods Russians could use to make payments abroad.”

    “The decision was made by Chinese banks Industrial and Commercial Bank of China, China Construction Bank and Bank of China due to the “risks of secondary sanctions” ”

    “In December, Washington threatened to block foreign banks that conduct business with firms that support Russia’s defense industry from its financial system.”

  4. It’s like the shady bodega when a crackhead walks in. “Cash only, no credit.”

  5. Only 1 news site talking about it? This has to be big news.

  6. We keep getting mixed messages about China. They dont seem totally committed to the axis cause like NK and Iran are.

  7. People warned them not to get in bed with each other. Putin falls Xi is going with him.

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