Posted on 01/16/2024 7:32:40 PM PST by Sunsong
"China's state-owned banks are tightening curbs on funding to Russian clients as they fear being subjected to secondary sanctions from the U.S., according to a Tuesday report by Bloomberg...
"...Chris Weafer, chief executive officer of strategic consultants Macro-Advisory Ltd., which focuses on Russia and the Eurasia region, previously told Newsweek that Russia should be wary of this increased reliance on China.
"While China is eagerly buying energy and materials and selling Chinese-made goods to the Russia market, all of which suits Beijing, there is very little investment coming into Russia, certainly nothing like enough to replace the lost investment from exiting Western companies and investors," he said."
(Excerpt) Read more at msn.com ...
"...Their exodus might be painful for Russia and for the Kremlin, especially as Beijing's alleged fear of Western sanctions would signal that even leaders who have remained close to Moscow after the start of the war in Ukraine are wary of the likely financial cost of standing by the Kremlin...."
Russia literally does not care, they can still get massive trade deals from South America, Africa and India. Those plus Russia’s natural resources means she can sail this storm way longer than Globo-homo-NATO
Send in the Western sanctions clowns!
Exactly right… though the Zeepers will get a rise out of this because misery loves company.
Sad
Why do zeepers think leftest news sources are credible?
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Why do zeepers think leftest news sources are credible?
___
Newsweek in particular seems to have a lot of “the sky is falling” articles about Russia
Consider the source for the news “Newsweak” Newsweek. I wouldn’t give it too much credence. Russia has almost limitless resources, while the US is over their eyeball in debt and still growing.
Russia has assembled a large ghost fleet that is shipping oil and grain around the world.
“...they fear being subjected to secondary sanctions from the U.S”
Don’t bet on that one. The US has so many dollars and time of businesses invested in China they’d be cutting off their nose despite their face. And that doesn’t count the businesses that Hunter has in China that Joe would have to protect. China has the financial clout to make more trouble for us than Russia any time.
U.S. goods and services trade with China totaled an estimated $758.4 billion in 2022. Exports were $195.5 billion; imports were $562.9 billion. The U.S. goods and services trade deficit with China was $367.4 billion in 2022.
U.S. goods exports to China in 2022 were $154.0 billion, up 1.7 percent ($2.6 billion) from 2021 and up 39 percent from 2012. U.S. goods imports from China totaled $536.3 billion in 2022, up 6.3 percent ($32.0 billion) from 2021. U.S. exports to China account for 7.5 percent of overall U.S. exports in 2022. The U.S. goods trade deficit with China was $382.3 billion in 2022, a 8.3 percent increase ($29.4 billion) over 2021.
U.S. exports of services to China were an estimated $41.5 billion in 2022, 5.2 percent ($2.1 billion) more than 2021. U.S. imports of services from China were an estimated $26.6 billion in 2022, 24.1 percent ($5.2 billion) more than 2021, and 97 percent greater than 2012 levels. Leading services exports from the U.S. to China were in the travel, intellectual property, and financial services sectors. The United States had a services trade surplus of an estimated $14.9 billion with China in 2022, down 17.3 percent from 2021.
U.S. foreign direct investment (FDI) in China (stock) was $126.1 billion in 2022, a 9.0 percent increase from 2021. U.S. direct investment in China is led by manufacturing, wholesale trade, and finance and insurance.
China’s FDI in the United States (stock) was $28.7 billion in 2022, down 7.2 percent from 2021. China’s direct investment in the U.S. is led by manufacturing, real estate, and depository institutions.
If folks here took the time to read through this, they will get the idea we are screwed. And this doesn’t tke into effect the losses on investments China has here. So, if anyone thinks that the US is going to bring the hammer down financially on China, they are out of touch with the world. No chance.
wy69
The GINSCA: Globo-Islamo-NeoSoviet-Commie-Alliance run by Russia and the Islamic State of IRAN have no future.
Russia’s failed illegal invasion and annexation war has backfired on Russia.
The war against Ukraine was supposed to be won in few days... Remember?
Two years later... Russia has now been forced to give up 54% of the land area they had initially taken in Ukraine. That’s a spectacularly retreat and a military failure.
Russia is now also forced to dedicate 41% of its ENTIRE national economy / Budget in order to cope with the never-ending war they started. 41%!!!! Costly.
That’s mean death my friend. No country can sustain such losing-war economy for a very long time. It was such budget that made the collapse of the Soviet Union in 1991. Remember ?
“””” Russia has almost limitless resources””””
That is why the world fights to move there, Russia is known for its wealth and luxury.
I'm sure that will work out just like all the wonder weapons that were going to change the course of the war in Ukraine.
Dream on, Zeepers!
Putin has a problem
He’s running out of troops, and needs more if he wants to launch more attacks this year ... that requires another mass-mobilization
But, he can’t do it before the March election, because that would be an admission that the War isn’t going so well
So he has to wait until after the election ...
China is having its own economic problems. They may not be interested in foreign investment period, and less so with Russia. Perhaps it even suits them to see Russia weakened further.
Nuke them for this
Wait, are you saying that Putin doesn’t cheat in the election?
No resource is nearly limitless. Even if it were close to that, it still has to be properly accessed, allocated and managed. Russia is not of course limitless but in theory it could be close to self-reliance. They can grow crops and raise cattle and supply their own energy, etc. They have their own industries. But they can also screw it up, blowing it on wars and weapons; and of course if the reports about their egg crisis are close to accurate.
The US is the same. We could be near totally self sustaining. It’s just unfortunate that our political leadership is hell bent on selling us out and making us reliant on the rest of the world for a few pennies a pound and on fictions like the need for solar and “car battery packs” to profit a few people and empower a handful more.
Russia had better care if it plans to have BRICS take over from the Dollar as a reserve currency.
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