Russian Banks Turn to China to Sidestep Cutoff From Payments Systems (1 Viewer)

[sanman]

As agreed in advance, China has Russia's back financially, which will completely nullify any attempts by Western sanctions:

Russian Banks Turn to China to Sidestep Cutoff From Payments Systems

The move by some Russian banks to use China’s state-owned UnionPay system could signal a shift toward greater cooperation between the two countries to help Moscow find alternative ways to connect to the global financial system.

www.wsj.com

Russian Banks Turn to China to Sidestep Cutoff From Payments Systems​

Sberbank, Alfa Bank and Tinkoff Bank said they are working on the possibility of issuing cards powered by China’s UnionPay​

Russian banks that have been cut off from global payments networks are turning to China’s state-owned UnionPay system as the country tries to sidestep boycotts by Western businesses for its invasion of Ukraine.

Visa Inc. and Mastercard Inc. said they are suspending their Russian operations, making it difficult for Russians to buy goods from abroad. The moves by the two companies go beyond sanctions issued against many Russian banks.

 

[RabidAlpaca]

I'd first like to point out that the OP is a blatant Russian sympathizer and Putin apologist.

Secondly, no, China helping them in certain ways does not "completely nullify" all western sanctions. Russians are hurting and they're going to be hurting for a long time. The little gasp of air they're getting from China makes them China's bitch, which is also somewhere they don't want to be.

 

[Ishm]

Let's stop and think a little. Hmmmmm, pull out of Ukraine or hand over control of the Russian economy to that highly benevolent guy, and great friend of Russia, chairman Xi. If you were sane, which would you choose?

 

[Torus34]

As agreed in advance, China has Russia's back financially, which will completely nullify any attempts by Western sanctions:

Russian Banks Turn to China to Sidestep Cutoff From Payments Systems

The move by some Russian banks to use China’s state-owned UnionPay system could signal a shift toward greater cooperation between the two countries to help Moscow find alternative ways to connect to the global financial system.

www.wsj.com

Hi, sanman!

It is my opinion, and only an opinion, that the word 'completely' in the above quote is difficult to justify.

Regards, stay safe 'n well 'n remember the Big 5.

 

[Simon W. Moon]

As agreed in advance, China has Russia's back financially, which will completely nullify any attempts by Western sanctions:

And thus begins Russia sad slide into China's orbit.

China dwarfs Russia.

If Once Russia becomes dependent on China, Russia will never escape.

 

[Slartibartfast]

And thus begins Russia sad slide into China's orbit.

China dwarfs Russia.

If Once Russia becomes dependent on China, Russia will never escape.

Which is sadly ironic since Putin, as far as most people can tell, is doing this to show the world that Russia still has some mojo.

 

[Simon W. Moon]

Which is sadly ironic since Putin, as far as most people can tell, is doing this to show the world that Russia still has some mojo.

It currently seems Putin took his shot at the king and missed

[ though I am open to new information and correction on the situation ]

 

[sanman]

And thus begins Russia sad slide into China's orbit.

China dwarfs Russia.

If Once Russia becomes dependent on China, Russia will never escape.

China's orbit is capable of pulling in more than just Russia. More and more countries are coming into China's orbit.
Iran may come into China's orbit, with the signing of a China-Iran strategic economic pact.
The entire Middle East may come into China's orbit.
Africa and Latin America may come into China's orbit.
You can see the increasing levels of investment China is making in these places.
America is simply left with its dollar, which is increasingly in jeopardy due to falling productivity.

 

[snakestretcher]

As agreed in advance, China has Russia's back financially, which will completely nullify any attempts by Western sanctions:

Russian Banks Turn to China to Sidestep Cutoff From Payments Systems

The move by some Russian banks to use China’s state-owned UnionPay system could signal a shift toward greater cooperation between the two countries to help Moscow find alternative ways to connect to the global financial system.

www.wsj.com

"Possibility". Any evidence of this actually happening?

 

[snakestretcher]

China's orbit is capable of pulling in more than just Russia. More and more countries are coming into China's orbit.
Iran may come into China's orbit, with the signing of a China-Iran strategic economic pact.
The entire Middle East may come into China's orbit.
Africa and Latin America may come into China's orbit.
You can see the increasing levels of investment China is making in these places.
America is simply left with its dollar, which is increasingly in jeopardy due to falling productivity.

"May". An asteroid 'may' hit Earth tomorrow.

 

[sanman]

I'd first like to point out that the OP is a blatant Russian sympathizer and Putin apologist.

No, you're just a Left-wing McCarthyite -- the newest iteration of Lefty retardedness.

Secondly, no, China helping them in certain ways does not "completely nullify" all western sanctions. Russians are hurting and they're going to be hurting for a long time. The little gasp of air they're getting from China makes them China's bitch, which is also somewhere they don't want to be.

China's economy massively buffers against sanctions, because they are sanctions-proof. Furthermore, China is doing this so that it can soon mount its own invasion of Taiwan. And we know what will happen when they do that. You'll clam up. Why? Because the Lefty coalition of special interests doesn't give a crap about Taiwan. The Left have fully embraced Wall Street and Big Capital, which are heavily invested into China.

When Russia invades Ukraine, you want to go ballistic. When China invades Taiwan, you'll want to downplay it.
Russia Glass Half-Empty. China Glass Half-Full.

 

[snakestretcher]

No, you're just a Left-wing McCarthyite -- the newest iteration of Lefty retardedness.



China's economy massively buffers against sanctions, because they are sanctions-proof. Furthermore, China is doing this so that it can soon mount its own invasion of Taiwan. And we know what will happen when they do that. You'll clam up. Why? Because the Lefty coalition of special interests doesn't give a crap about Taiwan. The Left have fully embraced Wall Street and Big Capital, which are heavily invested into China.

When Russia invades Ukraine, you want to go ballistic. When China invades Taiwan, you'll want to downplay it.
Russia Glass Half-Empty. China Glass Half-Full.

Tell us how much you care about Taiwan.

 

[sanman]

"May". An asteroid 'may' hit Earth tomorrow.

Iran-China Deal is arriving.

Iran says 25-year China agreement enters implementation stage

The agreement was signed last year and includes economic, military and security cooperation.

www.aljazeera.com

Furthermore, America has already fallen into China's orbit, which is why Biden & Co have been hired by Wall Street to smooth over relations with China. Wall Street hated Trump, but they like the pliable Biden.

 

[sanman]

Tell us how much you care about Taiwan.

First tell us how much your "Liberal" values care about Taiwan.

‘We Welcome The Competition’ ​

 

[Lord Tammerlain]

China has worked hard over the last 4 years or so to develop a system to bypass swift, and other potential financial sanctions the US might impose. Russia did the same. The use of Swift sanctions on Iran made that a priority for a lot of countries

That Russia would use its own system or that of China’s was a given and should not be a surprise.

This is a strategic nightmare for the US. The next worse thing for the US would be a an EU military that weakens the need for NATO

 

[code1211]

As agreed in advance, China has Russia's back financially, which will completely nullify any attempts by Western sanctions:

Russian Banks Turn to China to Sidestep Cutoff From Payments Systems

The move by some Russian banks to use China’s state-owned UnionPay system could signal a shift toward greater cooperation between the two countries to help Moscow find alternative ways to connect to the global financial system.

www.wsj.com

Seems like we are once again entering cold war divisions internationally.

They are at war with us and we are trying to conduct business with them.

Which side of the warring parties is less sane?

 

[OrphanSlug]

While I doubt things are moving as fast as the OP, or the source, is suggesting it is no surprise to see Russia look to China in an effort to circumnavigate around these various sanctions.

The question will come down to how much grief does China want to take on just because of Russia, especially when they have their own ambitions all coming with grief anyway.

 

[Lord Tammerlain]

While I doubt things are moving as fast as the OP, or the source, is suggesting it is no surprise to see Russia look to China in an effort to circumnavigate around these various sanctions.

The question will come down to how much grief does China want to take on just because of Russia, especially when they have their own ambitions all coming with grief anyway.

Fast?

China and Russia developed financial systems to bypass US lead ones that they could be prevented from using, they did that over the last 4 years at least. When it became a priority when the US used Swift as a weapon against Iran

 

[snakestretcher]

First tell us how much your "Liberal" values care about Taiwan.

‘We Welcome The Competition’ ​

Right now I don't give a shit about Taiwan. There's a war in Europe, barely 1000 miles from England, in case it escaped your notice.

 

[snakestretcher]

Iran-China Deal is arriving.

Iran says 25-year China agreement enters implementation stage

The agreement was signed last year and includes economic, military and security cooperation.

www.aljazeera.com

Furthermore, America has already fallen into China's orbit, which is why Biden & Co have been hired by Wall Street to smooth over relations with China. Wall Street hated Trump, but they like the pliable Biden.

Hint; try the conspiracy theory sub-forum. You'll feel right at home with the rest of the deluded. "Biden & Co have been hired by Wall Street..." Do you have any idea how utterly stupid that sounds?

 

[Simon W. Moon]

China's orbit is capable of pulling in more than just Russia. More and more countries are coming into China's orbit.
Iran may come into China's orbit, with the signing of a China-Iran strategic economic pact.
The entire Middle East may come into China's orbit.
Africa and Latin America may come into China's orbit.
You can see the increasing levels of investment China is making in these places.
America is simply left with its dollar, which is increasingly in jeopardy due to falling productivity.

Do you figure Putin recognizes China's inevitable hegemony of the world as you opine?

So Putin's trying to figure out how to give Russia to China w/o having to take the blame for giving Russia to China?

 

[lwf]

As agreed in advance, China has Russia's back financially, which will completely nullify any attempts by Western sanctions:

Russian Banks Turn to China to Sidestep Cutoff From Payments Systems

The move by some Russian banks to use China’s state-owned UnionPay system could signal a shift toward greater cooperation between the two countries to help Moscow find alternative ways to connect to the global financial system.

www.wsj.com

Not even close. This is a Band-Aid on a severed head.

 

[sanman]

Not even close. This is a Band-Aid on a severed head.

And what's Taiwan going to look like - a cauterized stump?

 

[Lord Tammerlain]

Do you figure Putin recognizes China's inevitable hegemony of the world as you opine?

So Putin's trying to figure out how to give Russia to China w/o having to take the blame for giving Russia to China?

China is not actively trying to destroy the Russian state or its interests internationally

 

[CaughtInThe]

You know all the people here that go on and on about socialism and commies and all that bullshit?? How much they hate all that crap?

Some are literally the same people that are pushing propaganda for the ole commie Putin.



Never, ever trust them again.