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The new US financial sanctions package on China brings China exports to Russia to standstill.
The russians run out of yuan. Chinese banks refuse yuan transactions with russian customers. Chinese banks send back the money to Russia even when Chinese products have arrived Russia. That’s pretty a lose lose business for China.


 
The new US financial sanctions package on China brings China exports to Russia to standstill.
The russians run out of yuan. Chinese banks refuse yuan transactions with russian customers. Chinese banks send back the money to Russia even when Chinese products have arrived Russia. That’s pretty a lose lose business for China.


Nah, only small businesses are affected. Big trades always have other channels.
Pending new method of payment system of BRICS, meanwhile using obscure small domestic banks.
 

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