579
submitted 2 months ago by MicroWave@lemmy.world to c/world@lemmy.world
  • 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.
you are viewing a single comment's thread
view the rest of the comments
[-] Valmond@lemmy.world 26 points 2 months ago

Buy them with what? No one want their rubles 😁and they haven't enough "stuff" to sell lol.

[-] Etterra@lemmy.world 10 points 2 months ago

India only cares about India, so maybe they can seek them more LNG or oil. Maybe Rupies are the new Yuan lol

[-] Jiggle_Physics@lemmy.world 2 points 2 months ago

yes india is set to take them for all the oil they can, at extremely reduced prices, which isn't good for russia, but great for india.

this post was submitted on 07 Sep 2024
579 points (98.2% liked)

World News

39167 readers
1113 users here now

A community for discussing events around the World

Rules:

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.

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/

founded 1 year ago
MODERATORS