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Chinese banks restrict lending to Russia, dealing blow to Moscow
Fox business ^
| 02/25/2022
| By Megan Henney
Posted on 02/25/2022 2:02:23 PM PST by ChicagoConservative27
Two Chinese state-owned banks will restrict financing for Russian commodity purchases, suggesting there are limits to Beijing's support for Moscow as the Kremlin confronts severe economic sanctions over its attack of Ukraine.
(Excerpt) Read more at foxbusiness.com ...
TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: banks; chinese; lending; russia
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Wonder what that's about? Putin pissing someone off? False flag?
To: ChicagoConservative27
I guess his relationship with Xi isn’t worth spit.
2
posted on
02/25/2022 2:03:31 PM PST
by
rbg81
To: ChicagoConservative27
I have my doubts this is true.
To: ChicagoConservative27
Hmmmmmmm. That is an interesting wrinkle.
4
posted on
02/25/2022 2:04:26 PM PST
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: ChicagoConservative27
5
posted on
02/25/2022 2:05:39 PM PST
by
Textide
(Lord, grant that I may always be right, for thou knowest I am hard to turn. ~ Scotch-Irish prayer)
To: ChicagoConservative27
These banks do significant business with Western banks, and were themselves facing sanctions. Other Chinese banks are still open for Putin.
6
posted on
02/25/2022 2:06:31 PM PST
by
Thunder90
(All posts soley represent my own opinion.)
To: ChicagoConservative27
"Yuan-denominated letters of credit are still available for some clients, pending approval from senior executives." The Chinese want to trade in their own currency. They can do currency swaps in yuan, avoiding SWIFT. They are prudently limiting their risk.
7
posted on
02/25/2022 2:08:10 PM PST
by
FarCenter
To: Army Air Corps
Velly velly inter-dasting.
8
posted on
02/25/2022 2:09:10 PM PST
by
ponygirl
(An Appeal to Heaven )
To: ChicagoConservative27
They sense he’s losing, the war isn’t going that well. If he loses it will be humiliating and probably cause Putins overthrow or suicide.
9
posted on
02/25/2022 2:10:04 PM PST
by
Husker24
(Pp)
To: ChicagoConservative27
It means nothing of the sort.
Why would they put money in a bank that could have assets frozen. It’s ad hoc tactical to not lose money.
10
posted on
02/25/2022 2:10:13 PM PST
by
ifinnegan
(Democrats kill babies and harvest their organs to sell)
To: ChicagoConservative27
Those two banks don’t want to be sanctioned themselves. Russia can get loans if they need them inside of China. Russia is a very rich country now. They have resources for sale in almost every industry.
11
posted on
02/25/2022 2:11:21 PM PST
by
poinq
To: nickcarraway
SOunds like a bit of cover theater...
To: ChicagoConservative27
Trump could be right. Putin may be a tactical genius, but I
guess he falls short when it comes to being a financial Xinius.
13
posted on
02/25/2022 2:11:40 PM PST
by
DoughtyOne
(I pledge allegiance to the flag of the U S of A, and to the REPUBLIC for which it stands.)
To: ChicagoConservative27
14
posted on
02/25/2022 2:12:05 PM PST
by
Jim Robinson
(Resistance to tyranny is obedience to God.)
To: nickcarraway
I am skeptical of this report as well. I doubt the Russians would have gone into Ukraine in a massive way without the full support of China. At the beginning of the Winter Olympics, Putin and Xi issued a joint statement in support of Russia's action in Ukraine. Besides, China's military are the world's second best, perhaps the best if you discount the negative effect of wokeness on the U.S. military. Under the Manchu dynasty, parts of the Central Asian republics were under Chinese rule. Russia cannot successfully fight a two front war.
To: ChicagoConservative27
PR stunt. Other CHICOM banks will on the qt.
To: ChicagoConservative27
Putin still has Biden.
.lol
17
posted on
02/25/2022 2:14:40 PM PST
by
rrrod
(6)
To: ChicagoConservative27
I don’t believe this for a second.
Putin has lined up X I and together they will take over the world
18
posted on
02/25/2022 2:14:59 PM PST
by
NoLibZone
(Ruling class noticed our total lack of pushback for how the election & Covid was handled.)
To: nickcarraway
19
posted on
02/25/2022 2:15:40 PM PST
by
rrrod
(6)
To: ChicagoConservative27
China is merely playing along with the western media hype - See!? We are good guys too!
China and Russia are not friends, and they are not enemies. At this point in time, they are in business together, against the USA and Europe.
20
posted on
02/25/2022 2:20:24 PM PST
by
PGR88
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