Russlands Zentralbank und Kreditgeber vereinbaren, den Engpass bei der Yuan-Versorgung des Landes zu lösen
https://www.businessinsider.com/russia-economy-central-bank-yuan-liquidity-foreign-currency-loans-swaps-2024-9
Russlands Zentralbank und Kreditgeber vereinbaren, den Engpass bei der Yuan-Versorgung des Landes zu lösen
https://www.businessinsider.com/russia-economy-central-bank-yuan-liquidity-foreign-currency-loans-swaps-2024-9
19 comments
How are they going to manage that when no Chinese bank even wants to touch them?
Russia artificially propping up their economy with an artificially valued currency. What could possibly go wrong?
China must be feeling the pressure from the west and accordingly Russia is feeling the squeeze from China which is good. 😛
tell each other
who dat
[removed]
It’s almost as if they have no money to bargain with and are blaming each other for it.
Wonder what currency they’re going to buy into.
Shades of the meme of the 2 Spidermen pointing at each other…
All these countries that are still trading with Russia are going to rob them blind. Russia is desperate to save face and will make shitty deals to make it look like they have been unaffected by their douchebaggery in Ukraine.
Yeah, being a member of BRICS does totally not bite RuZZia in the butt…/s
Russia has the world’s largest stockpiles of refined precious metals as in aware. This might be false information but they are able to trade those metals for whatever for at least a year.
The solution is simple: END THE FUCKING WAR FFS
> Russia’s central bank and lenders are asking each other to preserve the country’s stash of Chinese yuan.
> Last Thursday, Russian banks complained that they’ve run out of the Chinese yuan and called on the Central Bank of Russia to increase liquidity through currency swaps.
> But Russia’s central bank is passing the buck back to the country’s banks.
> “Part of the growth in yuan lending was due to the replacement of loans in ‘toxic’ currencies, but 41% of the increase came from new foreign currency loans,” said the Russian central bank in the report, referring to the currencies of countries that have imposed sanctions against the country.
> The difficulties surrounding yuan liquidity in Russia highlight increasingly challenging trading conditions for the country as the West steps up sanctions.
tl;dr
– You need to conquer Kyiv and get me a 100 trilllion yuan by *checks calendar* next Thursday!
– But great and supreme leader sir…
– Zip it! It’s a bit damp in here. Could you open the window Nikolai?
Presenting the squeeze-balls / musical chairs contest. The one to shout first will be eliminated:
US squeezing China
China “gently” squeezing Russia (to improve their relations, they are having a joint military drill)
Russia squeezing Ukraine.
Ukraine to US again.
*insert Spider-Man pointing meme*
>Last Thursday, Russian banks complained that they’ve run out of the Chinese yuan and called on the Central Bank of Russia to increase liquidity through currency swaps
China unequivocally does NOT want roubles…that’s why they’ve been insisting on payments solely in Yuan. Creating this problem
India won’t accept them either – and they’re only paying for Russian goods in rupees.
Which Russia can’t do anything with lol
Russians believing that China is their ally is highly delusional at the moment. Historically, no country has taken more territory from China than Russia, and the Chinese haven’t forgotten that.
TBF, I wonder how much happy is China playing this.
They squeezing Russia (and asking for the ruble to be devalued even) plays into their hands, because they know Russia doesn’t have anywhere else to go.
This means, potentially, getting the cheapest resources out of Russia in exchange of little money or even no money at all (just trading commodities or weapons)