RUSSIAN Payments Collapse
Video Summary
Russia is facing significant problems in its trade with China due to Western sanctions. The US Treasury has threatened to impose secondary sanctions on Chinese banks and financial institutions that deal with Russia, which has led to Chinese banks tightening their compliance checks and restrictions on transactions with Russia. As a result, Russian businesses are now facing delays and rising costs in making and receiving payments from China, with transactions worth tens of billions of dollars being stuck in limbo. The Russian economy is struggling to survive, with low cash reserves, rising costs, and a lack of access to credit from Chinese lenders. This has led to a liquidity crisis, causing Russian businesses to borrow from the Russian Central Bank, which is resulting in increased costs and a reduced ability to make payments to and from China. The impact is being felt across various industries, including car manufacturing and mining, with companies like Norilsk Nickel and other Russian businesses struggling to cope with the financial difficulties. The sanctions are also having a significant impact on Russia’s economy, with imports from China falling and the country’s overall trade with China dropping. The situation is expected to worsen over the next 6-12 months, with a potential huge reduction in imports and exports.
Related posts:
RUSSIAN Trade with China Stopped by Sanctions as Chinese Banks Refuse Payments As Sanctions Increase
RUSSIAN Oil Payments Stopped by Sanctions as USA Crackdown Hits Banks in China, India, Turkey & UAE
RUSSIAN Payments Disaster
West сan no longer ignore China’s complicity in Russia’s war
RUSSIAN Exports Collapse
RUSSIAN Payments Collapse #shorts #russianeconomy #russiaukrainewar #russia #russiaukraineconflict
RUSSIAN Ruble Collapse
RUSSIAN Ruble Replaced as Russian Payments, Bonds & Loans in Yuan Soar & More Countries Pay in Yuan
Related:
