- 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.
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Wow, that’s too bad. Anyway make sure you’ve got plenty of Rubles in your bathroom for when they make TP the national currency, bub.
The Ruble is worth more now than before the war startedYour graph is showing dollars vs rubles, dumbass. Compare rubles vs dollars over 5 years and it’s the direction we all know it to be. https://www.tradingview.com/symbols/RUBUSD/
I didn’t realize that was different
Hot take:
China has lost all faith in Russia. Is reorganizing to reflect that.
And maybe is even considering Taiwan’s advice, lol.
What’s “Taiwan’s advice”? What did Taiwan tell China about Russia?
