this post was submitted on 15 Aug 2024
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The impact of the West's sanctions just seems to be getting worse and worse for Russia.

Now, 98% of Chinese banks — even small regional ones — are refusing to accept direct Chinese payment transfers from Russia, Alexey Razumovsky, the commercial director of the payments company Impaya Rus, told the pro-Kremlin media outlet Izvestia.

Such issues appear to have intensified over the past three weeks, as smaller Chinese financial companies were still processing Russian payments in May and June, Izvestia reported.

Last month, the Russian outlet Kommersant reported that about 80% of bank transfers made in the Chinese yuan were bouncing back with no explanation after being stalled for weeks while banks decided whether they could transact.

Razumovsky told Izvestia the payment challenges with Chinese banks could contribute to supply-chain difficulties and inflation in Russia.

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[–] [email protected] 25 points 2 months ago

We must never forget how much it matters to understand that the war is against the Russian government and that us and the Russian people are the victims of that government.

[–] [email protected] -3 points 2 months ago

Interesting how many things happen if there is a an election campaign coming to a close in the USA

[–] [email protected] 9 points 2 months ago (1 children)

so there's a hole in the market and I can make a lot of money?

[–] [email protected] 11 points 2 months ago (2 children)

In this instance there would be real consequences

[–] [email protected] 2 points 2 months ago

Just gotta make enough money to pay off enough senators before you get punished

[–] [email protected] 18 points 2 months ago

But.....but....but we are besties, Xi jinping ? - Putin probably

[–] [email protected] 12 points 2 months ago (1 children)

Something's happening in China. There's talks that Xi doesn't appear on official documents anymore.

Maybe a soft coup happened or similar.

[–] [email protected] 48 points 2 months ago (2 children)

That's a pretty bold statement. Do you have a source?

[–] [email protected] 8 points 2 months ago* (last edited 2 months ago)

https://youtu.be/OAJ5enTb0vo

Nothing official. Mostly speculation, but not ~~illogical~~ idle ones.

[–] [email protected] 11 points 2 months ago* (last edited 2 months ago) (1 children)

Maybe I shouldn't have said that, since there obviously isn't an official source on it, just some YouTube channels reporting about China that claim it.

Well. They're claiming it for two years already, but this time seems different.

So it's not to be taken seriously and is just a gut feeling fueled by the YouTube algorhythms and news like this post.

I suppose time will tell.

[–] [email protected] 1 points 2 months ago

was it laowhy86? That's the only guy I've seen talking about it.

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