The impact of the West’s sanctions just seems to be getting worse and worse for Russia.

Now, 98% of Chinese banks — even small regional ones — are refusing to accept direct Chinese payment transfers from Russia, Alexey Razumovsky, the commercial director of the payments company Impaya Rus, told the pro-Kremlin media outlet Izvestia.

Such issues appear to have intensified over the past three weeks, as smaller Chinese financial companies were still processing Russian payments in May and June, Izvestia reported.

Last month, the Russian outlet Kommersant reported that about 80% of bank transfers made in the Chinese yuan were bouncing back with no explanation after being stalled for weeks while banks decided whether they could transact.

Razumovsky told Izvestia the payment challenges with Chinese banks could contribute to supply-chain difficulties and inflation in Russia.

  • UnderpantsWeevil@lemmy.world
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    1 month ago

    his US lap dog Trump looking like he’s going to lose the elections badly

    Eh, we’ll see. Trump’s “crushing defeat” of Hilary came down to 80k votes in three states. Biden’s “decimation” of Trump was an even-thinner 40k votes across a slightly different mix of three states.

    Dems love to snatch defeat from the jaws of victory. Just ask OG Tankie Michael Dukakis, Professional Wife-Kisser Al Gore, and Future First Woman President Hilary Clinton. All three gave up wide margins in the last few weeks of the race.

    Would be nice to see Dems run up Reagan/LBJ-esque margins in 2024, but even the best polls still have Kamala in an electoral dead heat despite being miles ahead in the popular vote. She could very easily get Bush v Gore’d in some swing state with a red governor like Georgia or North Carolina or Nevada.

    • frezik@midwest.social
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      1 month ago

      It’s not just that Dems have to win by +5% to make sure the Electoral College matches the popular vote, either. Now it almost has to be +7% to +10% to keep Republican election officials from contesting the result and it mattering in the end.

      The Electoral College was bad enough. Its only justification is “whelp, them the rules”. Now Republicans made up a new set of rules and expect us to follow them.

      OG Tankie Michael Dukakis

      I was too young to have memories of the Dukakis run. Was he actually a tankie in the Hexbear sense, or are you just referencing that picture of him riding a tank?

      • UnderpantsWeevil@lemmy.world
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        1 month ago

        are you just referencing that picture of him riding a tank?

        That, yes

        Although, it’s curious to see people draw the line between “Neoliberal/Neocon warhawk” and “Guy on the Internet who likes Stalin”.

        Get under the hood, and the real distinction is economic policy, not military policy. They’re both big fans of kicking people’s teeth in to get their way.