579
Russian banks say they've run out of yuan as Chinese firms pull away from the nation
(markets.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 07 Sep 2024
579 points (98.2% liked)
World News
39167 readers
1112 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 1 year ago
MODERATORS
To piggyback on @Syntha@sh.itjust.works, the point of sanctions is to create an extreme economic cost to a state as a bargaining chip. Stop doing the thing we don't like and you get your trade back. Unfortunately, states control the national currency (most of the time), which means anyone who uses that currency also gets hit. There is no way around that.
Politically speaking, a majority of Russians have been utterly disenfranchised from politics, repeating the refrain "I'm not political" like it's a magic spell that will ward off the consequences of their government. Consequently I'm not that sad about them experiencing a bit of economic hardship. Maybe it'll help them realize that politics isn't just for politicians.
Their country, their responsibility.
The Germans learned that lesson the hard way.
Exactly. In any semi-functional democracy the government isn't some abstract entity you have no power over, and it's not monolithic either (you have municipal, regional and national levels). You vote for the people in it and they represent you.
Incrimental economical hardships get obfuscated by the state so no one draws a line between that and the war, or if they do, they have 1000+1 reasons why it went this way thanks to propaganda. Until it is a direct shock treatment at some industries, it would be toned down by the effort of local economical institutions. I'm the outlier in buying things in non-chinese services and following western media it seems, and slowing down the YouTube was the first event when I noticed many previously apolitical person to find their ways to circumvent the ban.
The most energized groups are those of recent soldiers and their families, and their protests get shut down fast. It's genuinely afraid of them. And it feels like the way it would happen.
Maybe. The point of the sanctions isn't to cause unrest though, as I said, it's to apply pressure to the state. If it happens to cause some unrest, that's an unlikely side-benefit.
What can hurt it in your opinion?
Military stuff is out of the picture since they established their trade with CCP and NK for rockets and found their ways to get European chips. They are investigated, but slowly.
My guess is that a lot of ingredients used in their production lines of food are imported, like specific kinds of yeast to make bread and beer or something like that. I wonder if sanctions targeting non-consumer products critical to producing them can lead to long pauses I'd read about in military once some key suppliers got cut off.
Not all rockets are made equally. The NK rockets, artillery barrels and artillery shells are much worse than they could manufacture with western components. A degradation in quality leading to less accuracy which lessens the battlefield impact is still a positive step.
It also means that China can take advantage of Russia to get much more than it could usually get for their gear. China is not helping Russia out of the goodness of it's heart or some ideological reason. They're taking advantage.
Interesting question. I have no idea. I'm pretty confident all sanctions so far are for gas, oil, and military/dual-use technology.
Yep, China, and Iran and India and whoever else. Current admin sets the conditions of trade that would scar the economy long after all these senile gambling gramps die. Reparations don't sound that awful when you consider how much shit they probably promised to or leased from these 'brotherly' countries. Even if I happened to be a Z-patriot, I can't see myself swallowing that.
You are right. And the fact that they scratch the bottom of the barrel like asking NK means they are desperate. Still, not enough supplies to Ukraine to counter that and I want them to have these, as a russian citizen.