• 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.
  • randint
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    9 days ago

    What’s “Taiwan’s advice”? What did Taiwan tell China about Russia?

      • MisterFrog@lemmy.world
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        5 days ago

        I am always neutral on this sort of thing (i.e. I believe in democracy, and despite what people will have you believe, Taiwan is not a monolith of opinion of the one China / reunification / independence question)

        But this is fucking hilarious

    • Pringles@lemm.ee
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      9 days ago

      The president or prime minister said that if China is serious about reclaiming Taiwan, it should also reclaim land that is currently Russian, as that land was also lost during the same time period.