Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(116,759 posts)
Tue Jul 16, 2024, 01:08 PM Jul 2024

Russian Payments Disaster as Chinese Banks Refuse Payments & Russia Forced to use Crypto & Barter - Joe Blogs



The USA has ramped up the POLICING of the sanctions against Russia and this has resulted in significant Payment Problems for Russia. The new Sanctions have resulted in serious delays and payments being stopped altogether for payments to Russia for Exports and also for Russian Payments to countries that it is Importing from. In this video I provide more details of the current situation, discuss the problems that Russia is now facing and the impact on the Russian Economy.

Chapters:
0:00 Intro
3:51 CHINESE TRADE
7:08 RELATIVE IMPORTANCE
9:39 PAYMENT SANCTIONS
10:33 SPECIALLY AUTHORISED BANKS
13:05 CRYPTO PAYMENTS
15:42 CRYPTO ACTIVITY
18:53 CRYPTO CRACKDOWN
22:24 SUMMARY & CONCLUSION
Latest Discussions»Issue Forums»Foreign Affairs»Russian Payments Disaster...