▲ 580 ▼ Russian banks say they've run out of yuan as Chinese firms pull away from the nation (markets.businessinsider.com) submitted 2 years ago by MicroWave@lemmy.world to c/world@lemmy.world 88 comments fedilink hide all child comments 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.
[–] InternetUser2012@lemmy.today 6 points 2 years ago They'd be better off if they weren't actively committing genocide. Weird how we don't hear about it though. Disgusting. permalink fedilink source parent