• 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.
  • sartalon@lemmy.world
    link
    fedilink
    English
    arrow-up
    48
    arrow-down
    1
    ·
    3 months ago

    Hot take:

    China has lost all faith in Russia. Is reorganizing to reflect that.

    And maybe is even considering Taiwan’s advice, lol.

    • RestrictedAccount@lemmy.world
      link
      fedilink
      English
      arrow-up
      16
      arrow-down
      3
      ·
      2 months ago

      Hotter take:

      China is on the brink of financial collapse and no longer can afford to support Russia’s bullshit.

  • Etterra@lemmy.world
    link
    fedilink
    English
    arrow-up
    24
    ·
    2 months ago

    Wow, that’s too bad. Anyway make sure you’ve got plenty of Rubles in your bathroom for when they make TP the national currency, bub.

  • finitebanjo@lemmy.world
    link
    fedilink
    English
    arrow-up
    17
    ·
    edit-2
    2 months ago

    I hope Ukraine takes away their natural gas production next. Gonna be the USSU pretty soon, get fucked Putin.

  • explodicle@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    7
    ·
    3 months ago

    It would be interesting to see the ruble collapse entirely. Crypto is already very popular in Russia, so the state could lose a tremendous amount of power/funding when they need it most.

  • werefreeatlast@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    14
    ·
    3 months ago

    I’m selling my extra pea gravel. I’ll try and get an exception for export to ruzzia if necessary. Sure gravel can be used as bullets. But I find that level of indefence acceptable.

    Each 1/4" gravel piece will cost just one ruble. And the uses are endless! For example, for several billion rubles you can defend one building! Did I mention that each gravel piece is personally signed by a very hot American woman who will be completely naked while signing it and she will gently touch the tip of her blossoms on every piece before kissing it and telling it a story. Usually she will arrange several thousand pieces around her to tell the story. Usually it’s a reading of an accounting book though. But she will be totally naked.

    We, at my backyard pile of gravel company hope that before we run out, there will be at least one ruzzian buried several feet under each one of our beautiful gray colored pieces.

    The true value of this very special gravel comes in the field! As each soldier is dropped by those pesky Ukrainians, the location can be specially marked by placing a pieces over the perished. Incredibly, you can then place one in a special counting bag. So if you count 5 pieces later in that bag, that means you had 5 perished guys. And these marker counters last for years and years! No maintenance required! It’s the perfect way of saying thank you. I got at least a cubic yard of this beautiful specimens. 50% off if we switch the model with a very naked mole rat. The rat does all the aforementioned things but in its own native way of communicating with little squeaks.

  • Media Bias Fact Checker@lemmy.worldB
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    16
    ·
    3 months ago
    Business Insider - News Source Context (Click to view Full Report)

    Information for Business Insider:

    MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
    Wikipedia about this source

    Search topics on Ground.News

    https://markets.businessinsider.com/news/currencies/russia-economy-china-yuan-sanctions-bank-payments-trade-transfers-2024-9

    Media Bias Fact Check | bot support