Hopefully, Biden will remain in office for 4 more years, though he will need to tune down (economic) protectionism, in particular with military allies.
In my opinion, the #RussianFederation will fracture in 3 bigger parts and several smaller ones. The far eastern parts will be claimed by the #CCP, they've already begun renaming them. This will bode bad news for #Mongolia, as it is the heartland of the #Yuan Dynasty...
#China's #Chouzhou Commercial Bank, a key settlement channel for #Russian importers, has halted operations with #Russia.
Vedomosti's interlocutor from Izhevsk added that Chouzhou is not the only bank that has limited financial relations with Russia. Another financial institution - one of the three largest in China - closed his company's foreign currency account, maintaining the ability to transfer money in #yuan.
> The #yuan’s status as a global #currency still faces a huge obstacle in the form of China’s own capital controls. Even so, rising willingness to conduct trade in yuan could help insulate #China’s economy, at least to an extent, in the event sanctions were imposed in a [..] future conflict with the West. It also could become a source of structural support for the yuan itself up[..] assuming weaker-than-expected Chinese growth https://archive.is/PjiMF
Der #hamas-Überfall auf #Israel war ein "Glücksfall" für #russland: #Europa weiter gespalten und damit geschwächt, Waffenlieferungen aus den #USA in die #Ukraine auf der Kippe. Mehr denn je gilt jetzt für die Rettung der freiheitlichen Demokratien: geschlossen nach vorne schauen!
...Aus meiner Sicht wird es in (mindestens) 3 größere Teile zerfallen. Den asiatische Teil wird sich Xi einverleiben. Die historisch begründeten Ansprüche auf Teile Sibiriens sind schon auf dem Papier. Und wenn man überlegt, wer mal Kaiser von China war (#Yuan-Dynastie) und wie abhängig die Mongolei wirtschaftlich von China ist würde ich dort längerfristig auch nicht mehr ganz so ruhig schlafen, denn auf dem Weg nach Sibirien muß man durch die Mongolei, das Stammland...
Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.
The Central Bank of Argentina announced that it will allow financial entities to use the Chinese yuan as a currency to capture deposits from individuals and legal entities. #Yuan#Dedollarization
A lot of the country's foreign-exchange reserves don't show up in the official books of the People's Bank of China, the former US trade and Treasury official wrote in a report
Argentina, battling an acute scarcity of dollars, will pay part of $2.7 billion due to the International Monetary Fund (IMF) this week with Chinese yuan, a government spokesperson confirmed on Thursday.
Exclusive: India refiners start yuan payments for Russian oil imports -sources (www.reuters.com)
Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.
China has $3 trillion of 'hidden' currency reserves, says US economist (www.business-standard.com)
A lot of the country's foreign-exchange reserves don't show up in the official books of the People's Bank of China, the former US trade and Treasury official wrote in a report
UPDATE 3-Argentina, short of dollars, to use yuan in $2.7 bln IMF payment (www.reuters.com)
Argentina, battling an acute scarcity of dollars, will pay part of $2.7 billion due to the International Monetary Fund (IMF) this week with Chinese yuan, a government spokesperson confirmed on Thursday.