Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with Chinese firms pulling back amid fear of sanctions.
  • Russia’s yuan reserves are nearly depleted due to Chinese banks’ fear of US sanctions.
  • Lenders have urged Russia’s central bank to address the yuan deficit, causing the ruble to drop.
  • China’s hesitance stems from US threats of secondary sanctions over Russia’s Ukraine war financing.
  • ABCDE@lemmy.worldEnglish
    1·
    21 days ago

    I understand what sanctions are supposed to achieve, but I would like examples of when that has actually happened.

      • ABCDE@lemmy.worldEnglish
        11·
        21 days ago

        That’s one reduction in sanctions example, which does not stand to this day and has seen the country distancing itself further than ever.