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Russian Payments Collapse - Joe Blogs
Last edited Fri Sep 6, 2024, 03:28 PM - Edit history (1)
In this video I discuss the problems that Russia is now facing as a result of the increase in the Financial Sanctions that were implemented in June. Chinese Banks and Financial Institutions are now refusing to release cash payments which has resulted in Russian businesses encountering cash flow problems. In addition Chinese companies only want to make a receive payments in Chinese Yuan and this has resulted in a Liquidity Crisis in Russia and led to a huge increase in costs.
Chapters:
0:00 Intro
4:28 PAYMENT PROBLEMS
7:27 YUAN LIQUIDITY
9:27 INCREASED COSTS
11:41 CHINESE CAR IMPORTS
13:26 NORNICKEL
15:26 SUMMARY & CONCLUSION