ZEEPER FOLLIES PINGLIST!(((PING!)))
Posted on 06/27/2024 11:48:55 AM PDT by canuck_conservative
Moscow must find other ways to pay for exports or its sanctions-hit economy faces "ruination" one of President Vladimir Putin's top bankers has said, following moves by Chinese lenders to suspend transactions with Russian banks.
ICBC, China CITIC Bank and most other Chinese banks have made similar moves, worried about falling foul of Western sanctions, which have been stepped up to choke off the funding for Putin's full-scale invasion of Ukraine.
Earlier this month, the U.S. and other countries unveiled a new wave of sanctions that targeted Russian financial institutions and entities and individuals who do business with them.
"If the war were to end, the Russian economy would come to a sudden stop, leading to a crisis, if preparations for the next war were not made," he continued.
Western sanctions imposed since the start of the war have seen many large Russian banks halting transfers in dollars and euros and move to international settlements in currencies such as the yuan and Indian rupees.
Meanwhile, President Joe Biden's Executive Order 14114, which was issued in December, creates a new risk of secondary sanctions for Chinese financial institutions. Two months after Biden issued the order, Zhejiang Chouzhou Commercial Bank, the main Chinese bank used by Russian importers, stopped operations in Russia out of fear of breaking U.S.-led sanctions....
(Excerpt) Read more at newsweek.com ...
Good.
“pay for exports” ?????
You gotta share that hopium. Did you bring enough for everyone?
Not when they are going through the People’s Liberation Army banks, which are already sanctioned due to the Uiyguar situation.
Sanctions working!
Good.
><><
Lol..
The sanctions basically backfired and helped Russia and countries such as India.
NATO countries came out with the short end of the stick.
Remember when Biden said the ruble was rubble? Gee, Biden sure does have a way with words.
Sarcasm........
We got something in common.
ZEEPER FOLLIES PINGLIST!(((PING!)))
Great plan.
Force the Russians into an economic corner.
That is exactly what we did with the Japanese prior to Pearl Harbor.
How many American lives did we lose in the Pacific in that war?
Neocon war games are sick.
Why do you simp for Russia?
Ukie’s not taking Territory Back from Pooty Poo.
Even with Ukie Military Forced Conscription of Fresh New Ukie Meat
Bad for Ukies.
Fresh Canned SPAM from The Canuck.
 | Dat Since Mar 29, 1999 |
Reality:
MOSCOW, May 17 (Reuters) - Russia's gross domestic product (GDP) rose by 5.4% year-on-year in the first quarter after growing 4.9% in the fourth quarter of 2023, the state statistics service said on Friday.
New Delhi, June 12 — Russia has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.
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