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China has blocked 80% of payments in yuan to Russia
The Moscow Times ^ | 7/29/2024 | The Moscow Times

Posted on 07/29/2024 10:39:54 PM PDT by Alter Kaker

The situation with Russian payments to China continues to deteriorate: Chinese banks have begun to return about 80% of transfers in yuan to Russia, informed sources told Kommersant.

According to them, the Chinese side has been tightening requirements "increasingly" since December 2023. Then US President Joe Biden signed a decree allowing the US Treasury to impose secondary sanctions against credit institutions of third countries for cooperation with Russian sanctioned companies and assistance to the military-industrial complex (MIC).

After another tightening of sanctions in June, when the United States included all sanctioned persons, including Russian banks, in the definition of the military-industrial complex of the Russian Federation, transfers on the Chinese side began to freeze for up to several weeks, after which they are often canceled without explanation, says one of the interlocutors of Kommersant. As a result, according to him, the client suffers losses on the exchange rate and conversion. "Everyone will take the commission, but the payment will not be executed," the source said.

"According to our experience, banks do not ask anything: money simply depends on correspondent accounts for 30-40 days and go back, says the managing partner of the consulting company "Sapoznikov and partners."

According to him, sometimes the goods arrive in Russia and the Chinese supplier can not receive their money for five to six months. However, often deliveries continue on post-payment terms, Sapozhnikov added.

Russian companies increasingly have to resort to the services of intermediaries - payment agents or "shopping houses," says the founder of Sagrada Legal Oleg Ushakov. In the first case, the agents are responsible only for payment services, in the second - we are talking about the fact that such houses are entrusted not only with the transfer of payment, but also the function of movement of goods.

At the moment, payment agents account for about 30% of payments, according to the source of "Kommersant" on the market. The use of an intermediary entails a rise in the cost of the transaction, since customers need to lay an additional commission. On average, it is 3-55%, but can reach up to 8-10%, depending on the complexity of the logistics chain and the amount of the transaction, Ushakov clarifies. At the same time, so that the deal does not fall under the risks of compliance and was unsanctioned, it may be necessary not only to make a neutral payment, but also to actually bring the goods from China first to neutral jurisdiction, and then to Russia, the expert concluded.


TOPICS: China; Foreign Affairs; News/Current Events; Russia; Ukraine
KEYWORDS: alterkaka; bobotheclown; china; effed16s; frpottymouths; kurskfirebag; moondoggiemaximus; mtacniks; nopilotsforyou; oldfartmaximus; russia; sumygetsit; theeffed16s; thekurskfirebag; themoscowtimes; ukraine; vatniks; zeeperporn
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To: bimboeruption; kiryandil
F-16 on duty in the Ukrainian Air Force.

A sleek classic beauty. Armed with two types of Air Interceptor Missiles - Aim-120s, Aim-9Ms and 2 external fuel tanks.

The numbers will continue to grow. The funding has been authorized, and the contracts awarded.

101 posted on 08/04/2024 3:10:44 PM PDT by BeauBo
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To: BeauBo; kiryandil

>>>>The numbers will continue to grow. The funding has been authorized, and the contracts awarded.<<<<

Let us know when they arrive in Ukraine.


102 posted on 08/04/2024 3:28:29 PM PDT by bimboeruption (“Less propaganda would be appreciated.” JimRob 12-2-2023)
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To: BeauBo; bimboeruption

I've read that they have around SIX pilots, BooBoo.

"game-changer"

103 posted on 08/04/2024 3:49:20 PM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: kiryandil; bimboeruption

Have you read that 14 nations are training F-16 pilots for Ukraine?

A stream of graduates is inevitable. Initial Operational Capabilty is already in place, and is fully funded and contracted for a multi-year expansion.

When 3 out of 50 are certified to fly the F-16, what do you think happens to the other 47? A few wash out, but most are back on the simulators, and continuing to prepare to re-test - already far along in the training process, and soon to certify.

Ukraine is well down the road to building a NATO standard Air Force, for its future within NATO, with lot’s of free help from the best in the World, including the number one and number two largest arms exporters on Earth (USA and France).

Have you noticed the rapid destruction rate of Russia’s S-400 high altitude air defense systems? Russia has only about 4 dozen left, and they were losing one per day last week. The game is changing in the air war.

The coalition to build Russian Air Defenses however, is solely Russian - no other nation provides any assistance. The Russian effort is managed by their famously corrupt crop of Putin era Generals, under the heaviest sanctions of any nation on earth. For some reason, the former component suppliers of the S-400 within Ukraine are no longer providing those components, and new S-400 radars are not happening for Russia.

Perhaps if you post a cartoon, insult the people who point out these facts, and continue to pretend that they are not happening, somehow some magic will occur, and new Soviet equipment will materialize out of thin air for them. Even if not, it’s all you have.


104 posted on 08/05/2024 1:15:49 AM PDT by BeauBo
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To: BeauBo

clown


105 posted on 08/05/2024 1:39:33 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: BeauBo
Ukraine is well down the road to building a NATO standard Air Force

Do you take classes to be this retarded?

106 posted on 08/05/2024 1:40:36 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: kiryandil; bimboeruption

English language requirement is a long pole in the tent of F-16 pilot training. As of 26 June 2024, it has become a legal requirement for all Ukrainian Military Officers serving on contract (not draftees), to learn English. Over time, that will widen the pool of candidates, and shorten future lead time for pilot training, even as the number of Ukrainian speaking F-16 pilots continues to grow.

English language training was also required by schools in that same law, starting in kindergarten. Government subsidies for theaters showing English language films was included, and the three top layers of the Ukrainian Civil Service, as well as first responders, are having English proficiency added as a requirement for their jobs.

Ukraine is transitioning to EU and NATO compatibility at breakneck speed, society-wide. It is a big job (like building a new NATO standard Air Force and Navy), but Ukraine has already adopted all the required changes in their Government, and there is solid International support and funding for the effort.


107 posted on 08/05/2024 1:53:03 AM PDT by BeauBo (Y)
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To: kiryandil

What? No cartoon?

Where is the old depth of your factual and logical analysis?


108 posted on 08/05/2024 1:56:17 AM PDT by BeauBo
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To: BeauBo
What collapsing Ukrainian front line doink?


109 posted on 08/05/2024 1:59:11 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: bimboeruption; kiryandil

“Let us know when they arrive in Ukraine.”

They have arrived.

More on the way.

Plenty more.

Last year (2023), Russia was able to field 18 “new” combat aircraft (two Su-30SM2 fighters for naval aviation, six Su-34M bombers, and ten Su-35 fighters) - but that required use of components out of inventory, not entirely new production. They are approaching 400 lost in combat, and probably the equivalent of about 60 more per year to wearout, due to the high number of flight hours.

Ukraine now has a bigger replacement pipeline than Russia, and Russia has a significantly higher loss rate.

Russia’s relative advantage in air power, like its relative advantages in Naval power, Artillery, Armor, Air Defense missiles, logistics, etc., continues to degrade. Russia has more men under arms than at the start of this current wave of invasion (since February 2024), but a lot less of everything else.


110 posted on 08/05/2024 2:24:59 AM PDT by BeauBo
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To: kiryandil

What collapsing Ukrainian front?

That is your fantasy. The front has moved only a few kilometers this Summer, here and there.

Well, at least you have mustered a typical cartoonish response.


111 posted on 08/05/2024 2:32:20 AM PDT by BeauBo
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To: BeauBo

COLLAPSE! Collapse everywhere... | Ukraine War Military Summary / SITREP / SItuation Report / Update [Monday, August 5, 2024]

https://www.youtube.com/watch?v=79kfqcFpC7I


112 posted on 08/05/2024 7:54:17 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: kiryandil

The MSM bubble these people live in is amazing to see. You’d think posting & reading the comments on tFR would have educated them to the waves of propaganda we see daily, but apparently they are on the other side.


113 posted on 08/05/2024 7:59:50 AM PDT by JonPreston ( ✌ ☮️ )
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To: JonPreston

https://freerepublic.com/focus/news/4256216/posts?page=61#61

They’re foaming at the mouth. Scary.


114 posted on 08/05/2024 8:04:07 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: kiryandil

“COLLAPSE! Collapse everywhere”

The linked video talks about things like taking a few blocks in a village, likely after they were reduced to rubble.

Foaming at the mouth, talking about “COLLAPSE!”

It has been going on this way all year. Percentage changes of territory have been infinitesimal, but the attrition of the old Soviet arsenal continues at a fairly hectic, and unsustainable pace.

Russian forces along most of the front recently received 15-25% reductions in their Artillery shell budget. Western Artillery shell production continues is expansion, and drone production is exploding. Russia’s Summer offensive is on track to culminate in coming weeks, likely in September, having taken a few hundred square kilometers, out of more than 600,000 (less than 1/10th of one percent). They are unlikely to be able to muster that much firepower next Summer.

The second half of this year, and beyond, Ukrainian drone swarms are coming, as never seen before in the history of warfare (millions of drones funded for delivery), and the Russian Aerospace Forces are likely going the way of the former Black Sea Fleet - the survivors withdrawn to the Far East and Siberia.


115 posted on 08/05/2024 10:16:55 AM PDT by BeauBo
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To: BeauBo
The Ukrainian cheerleader contingent says:


116 posted on 08/05/2024 10:31:49 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: JonPreston

check out https://freerepublic.com/focus/news/4255022/posts?page=115#115

It’s like I triggered an AI BS generator.


117 posted on 08/05/2024 10:34:29 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: BeauBo; kiryandil
COLLAPSE


118 posted on 08/05/2024 10:47:34 AM PDT by JonPreston ( ✌ ☮️ )
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To: JonPreston

800 thousand Ukrainians go into hiding to avoid mobilization - Ukrainian MP

https://english.nv.ua/nation/mobilization-in-ukraine-800-000-ukrainians-went-underground-financial-times-50440183.html

“800 thousand Ukrainians go into hiding to avoid mobilization - Ukrainian MP. About 800,000 men went into hiding in Ukraine, changing their address and working unofficially - to avoid being drafted, Dmytro Natalukha, the Verkhovna Rada’s Economic Affairs Committee’s head, told Financial Times.”


119 posted on 08/05/2024 10:54:52 AM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: kiryandil

oh boy! I have the perfect audience for this!!


120 posted on 08/05/2024 11:19:15 AM PDT by JonPreston ( ✌ ☮️ )
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