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Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline

 
Emeraldlight

User ID: 80816366
United States
02/12/2024 06:16 AM

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Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
oscow has dismissed concerns surrounding a Chinese bank's decision to pause all dealings with its exporters, a move that put at risk Russia's primary economic outlet at a time of increased isolation by the West.

Andrey Rudenko, Russia's deputy foreign minister, denied that his country's businesses were experiencing any problems settling payments with neighboring China, including through the Financial Messaging System, the Russian equivalent to the SWIFT financial transactions service.

No, we don't have such an issue. A couple of Chinese banks refrain so far as [a] precaution, over fears to be sanctioned. But we are confident that this problem will be solved," Russia's state news agency Tass quoted Rudenko as saying on Friday.
China has not openly criticized President Vladimir Putin's decision to invade Ukraine two years ago this month. The Beijing leadership has offered the Kremlin meaningful political support, even as many Chinese companies and financial institutions try to avoid running afoul of Western sanctions.

Several major Chinese banks—wary of dealings with Moscow's defense industry—restricted Russian partner access to their services or cut ties altogether. The Chinese payment system UnionPay, which was once touted as a suitable replacement for MasterCard and Visa, also pulled out to limit its exposure.

[link to www.msn.com (secure)]

Looks like Russia may have more issues than they let on but then so does China!
Anonymous Coward
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02/12/2024 07:05 AM
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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
Russia and China have decided with BRICS to migrate from SWIFT. It is mutual and an act of unity.
Emeraldlight  (OP)

User ID: 80816366
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02/12/2024 07:08 AM

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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
Russia and China have decided with BRICS to migrate from SWIFT. It is mutual and an act of unity.
 Quoting: Anonymous Coward 86638322


I think you are going to find BRICS does not have the clout they hoped it would- Their gold backing has failed but they do have a collective buying power-control of which was intendedto be in China's hands. Now that China is having severe economic issues the whole scheme is somewhat suspect.

Nothing is what it seems
Anonymous Coward
User ID: 86638322
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02/12/2024 07:12 AM
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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
Russia and China have decided with BRICS to migrate from SWIFT. It is mutual and an act of unity.
 Quoting: Anonymous Coward 86638322


I think you are going to find BRICS does not have the clout they hoped it would- Their gold backing has failed but they do have a collective buying power-control of which was intendedto be in China's hands. Now that China is having severe economic issues the whole scheme is somewhat suspect.

Nothing is what it seems
 Quoting: Emeraldlight


As I comprehended it BRICS isn't attempting to operate through gold backing, it is asset backing. (Basket of 20 commodities and a basket of 20 currencies) totally agree nothing is as it seems, there always seems to be another layer to peel back.
Emeraldlight  (OP)

User ID: 80816366
United States
02/12/2024 07:17 AM

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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
Russia and China have decided with BRICS to migrate from SWIFT. It is mutual and an act of unity.
 Quoting: Anonymous Coward 86638322


I think you are going to find BRICS does not have the clout they hoped it would- Their gold backing has failed but they do have a collective buying power-control of which was intendedto be in China's hands. Now that China is having severe economic issues the whole scheme is somewhat suspect.

Nothing is what it seems
 Quoting: Emeraldlight


As I comprehended it BRICS isn't attempting to operate through gold backing, it is asset backing. (Basket of 20 commodities and a basket of 20 currencies) totally agree nothing is as it seems, there always seems to be another layer to peel back.
 Quoting: Anonymous Coward 86638322


they failed on the gold backing last year-so far little progress has been made-this would have been a China nwo puppet but if your following economic news out of China I doubt anything is coming. However, I do believe all countries will have a asset backing-just not one small group-going to be interesting as something big is afoot behind the scenes-this can't go on much longer
Anonymous Coward
User ID: 86638322
Canada
02/12/2024 08:20 AM
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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
Russia and China have decided with BRICS to migrate from SWIFT. It is mutual and an act of unity.
 Quoting: Anonymous Coward 86638322


I think you are going to find BRICS does not have the clout they hoped it would- Their gold backing has failed but they do have a collective buying power-control of which was intendedto be in China's hands. Now that China is having severe economic issues the whole scheme is somewhat suspect.

Nothing is what it seems
 Quoting: Emeraldlight


As I comprehended it BRICS isn't attempting to operate through gold backing, it is asset backing. (Basket of 20 commodities and a basket of 20 currencies) totally agree nothing is as it seems, there always seems to be another layer to peel back.
 Quoting: Anonymous Coward 86638322


they failed on the gold backing last year-so far little progress has been made-this would have been a China nwo puppet but if your following economic news out of China I doubt anything is coming. However, I do believe all countries will have a asset backing-just not one small group-going to be interesting as something big is afoot behind the scenes-this can't go on much longer
 Quoting: Emeraldlight



Date I'm hearing for evolution in the storyline is Feb 20 ... Soroban smart contracts go live in phase zero. Was supposed to be Jan 31 and got delayed. Nothing says it won't be delayed again I guess, but no it can't just keep on going as it has.
Emeraldlight  (OP)

User ID: 80816366
United States
02/12/2024 08:24 AM

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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
...


I think you are going to find BRICS does not have the clout they hoped it would- Their gold backing has failed but they do have a collective buying power-control of which was intendedto be in China's hands. Now that China is having severe economic issues the whole scheme is somewhat suspect.

Nothing is what it seems
 Quoting: Emeraldlight


As I comprehended it BRICS isn't attempting to operate through gold backing, it is asset backing. (Basket of 20 commodities and a basket of 20 currencies) totally agree nothing is as it seems, there always seems to be another layer to peel back.
 Quoting: Anonymous Coward 86638322


they failed on the gold backing last year-so far little progress has been made-this would have been a China nwo puppet but if your following economic news out of China I doubt anything is coming. However, I do believe all countries will have a asset backing-just not one small group-going to be interesting as something big is afoot behind the scenes-this can't go on much longer
 Quoting: Emeraldlight



Date I'm hearing for evolution in the storyline is Feb 20 ... Soroban smart contracts go live in phase zero. Was supposed to be Jan 31 and got delayed. Nothing says it won't be delayed again I guess, but no it can't just keep on going as it has.
 Quoting: Anonymous Coward 86638322

Here is what they are not telling you-these dates all conicide with a full moon , new moon or some other esoteric date-eclipse

They have no plan but to pray their demons come back and save them-the Black Nobility and KM and Black sun are playing people
We have been played and they are out of time
Emeraldlight  (OP)

User ID: 80816366
United States
02/12/2024 08:24 AM

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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
...


I think you are going to find BRICS does not have the clout they hoped it would- Their gold backing has failed but they do have a collective buying power-control of which was intendedto be in China's hands. Now that China is having severe economic issues the whole scheme is somewhat suspect.

Nothing is what it seems
 Quoting: Emeraldlight


As I comprehended it BRICS isn't attempting to operate through gold backing, it is asset backing. (Basket of 20 commodities and a basket of 20 currencies) totally agree nothing is as it seems, there always seems to be another layer to peel back.
 Quoting: Anonymous Coward 86638322


they failed on the gold backing last year-so far little progress has been made-this would have been a China nwo puppet but if your following economic news out of China I doubt anything is coming. However, I do believe all countries will have a asset backing-just not one small group-going to be interesting as something big is afoot behind the scenes-this can't go on much longer
 Quoting: Emeraldlight



Date I'm hearing for evolution in the storyline is Feb 20 ... Soroban smart contracts go live in phase zero. Was supposed to be Jan 31 and got delayed. Nothing says it won't be delayed again I guess, but no it can't just keep on going as it has.
 Quoting: Anonymous Coward 86638322

Here is what they are not telling you-these dates all conicide with a full moon , new moon or some other esoteric date-eclipse

They have no plan but to pray their demons come back and save them-the Black Nobility and KM and Black sun are playing people
We have been played and they are out of time

They have either lost the money or no longer control it-rumors are flying behind the scenes

Last Edited by Emeraldlight on 02/12/2024 08:25 AM
Anonymous Coward
User ID: 86638322
Canada
02/12/2024 08:39 AM
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Re: Russia Reacts After Chinese Bank Threatens Putin's Economic Lifeline
...


As I comprehended it BRICS isn't attempting to operate through gold backing, it is asset backing. (Basket of 20 commodities and a basket of 20 currencies) totally agree nothing is as it seems, there always seems to be another layer to peel back.
 Quoting: Anonymous Coward 86638322


they failed on the gold backing last year-so far little progress has been made-this would have been a China nwo puppet but if your following economic news out of China I doubt anything is coming. However, I do believe all countries will have a asset backing-just not one small group-going to be interesting as something big is afoot behind the scenes-this can't go on much longer
 Quoting: Emeraldlight



Date I'm hearing for evolution in the storyline is Feb 20 ... Soroban smart contracts go live in phase zero. Was supposed to be Jan 31 and got delayed. Nothing says it won't be delayed again I guess, but no it can't just keep on going as it has.
 Quoting: Anonymous Coward 86638322

Here is what they are not telling you-these dates all conicide with a full moon , new moon or some other esoteric date-eclipse

They have no plan but to pray their demons come back and save them-the Black Nobility and KM and Black sun are playing people
We have been played and they are out of time

They have either lost the money or no longer control it-rumors are flying behind the scenes
 Quoting: Emeraldlight



No argument from me on any of that, the original architects and designers lost control, it was all based off promise to pay. A lot of rumors and people watching their watch. Reality will play out whatever production is in play to distract from it. Asset backed going forward or I'm not participating in my attitude





GLP