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clock Created with Sketch. 05/07/22
20:18
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Originally posted by thirdgo:
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Currently China and India ripping off Putin big time. They are paying for oil/gas in roubles at massively discounted prices and getting gold for most advanced products they sell to Russia. Don’t think Xi is interested in glorifying Rouble any time soon instead pushing Yuan to be the global currency. Interesting to see where China will park the money coming out from the sale of Chinese oil/gas assets in NY Markets. If it goes into Russian assets vacated by western firms, will be a huge morale boost for Putin else it will be a kick in the back side for Putin. Don’t think Xi will trust Russia, a country bogged down in a war and defaulted in western standards, to be the foremost financial partner. China will fall behind India in many aspects if Xi get crossed with the west. Xi surely will rip him off but will not get into bed with Putin anytime soon.
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China has been watching the US weaponise the financial system to punish Russia. I am most curious where the Chinese do end up leaving thier foreign reserves....
