Russian Ruble Replaced as Russian Payments, Bonds & Loans in Yuan Soar & More Countries Pay in Yuan - Joe Blogs

[TexasTowelie]

Following the invasion of Ukraine President Putin announced that all Unfriendly nations had to pay Russia in Rubles. The reason behind this was to establish the Ruble as a Major Currency to rival the US Dollar. However over the past 2 years that has not happened and Russia is now dealing in the Yuan for the majority of its trade, not just with China but also many other countries. As a result Russia is now dependent upon the Yuan and the Ruble is becoming a Dead Currency. In this video I provide more details of what has happened Russian trade over the past few years, why the Yuan has benefitted and discuss the problems that Russia and the Ruble are now facing.

For specific details please check out the CHAPTER list below.

Chapters:
0:00 Intro
4:01 EXPORTS TO CHINA
7:39 YUAN PAYMENTS
11:04 LOANS & DEPOSITS
14:32 LIQUIDITY PROBLEMS
17:22 FOREX TRADING
18:41 SUMMARY & CONCLUSION

[Irish_Dem]

1. Xi's goal is to make the yuan the global currency.

He keeps buying huge amounts of gold bullion and at some point with float the yuan.