How are they going to manage that when no Chinese bank even wants to touch them?
SEA2COLA on
Russia artificially propping up their economy with an artificially valued currency. What could possibly go wrong?
macross1984 on
China must be feeling the pressure from the west and accordingly Russia is feeling the squeeze from China which is good. 😛
CryptoMemesLOL on
tell each other
who dat
[deleted] on
[removed]
Joebranflakes on
It’s almost as if they have no money to bargain with and are blaming each other for it.
Fantastic-Climate-84 on
Wonder what currency they’re going to buy into.
ChuckDeBongo on
Shades of the meme of the 2 Spidermen pointing at each other…
AngryYowie on
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.
Intelligent_Will_606 on
Yeah, being a member of BRICS does totally not bite RuZZia in the butt…/s
R3N3G6D3 on
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.
are-e-el on
The solution is simple: END THE FUCKING WAR FFS
AmethystOrator on
> 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
JuliusFIN on
– 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?
CoyPig on
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)
15 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.