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Russian Trade with China Stopped by Sanctions as Chinese Banks Refuse Payments As Sanctions Increase - Joe Blogs
Over the past 4 months the USA has ramped up the POLICING of the sanctions against Russia and this has now resulted in both Payments for Russian Oil being STOPPED by China, India, Turkey and the United Arab Emirates and also payments for TECHONOLGY products that Russia needs to buy from China. In December the USA issued a warning of SECONDARY SANCTIONS to all Banks dealing with Russian businesses and as a direct result all of the Banks have to undertake comprehensive checks on all aspects of the companies that they allow payments to go to. This has resulted in serious delays and payments being stopped altogether. 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
3:01 INCREASED SANCTIONS
5:49 SECONDARY SANCTIONS
11:11 PAYMENT PROBLEMS
14:33 CHINESE BANKS
16:04 TECHNOLOGY
19:23 SUMMARY & CONCLUSION
1 replies
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