Yuan deposits replace dollar and euro in Russian banks

With Russia now officially cut off from both the US dollar and the euro, the state-owned VTB Bank has offered its clientele the opportunity to open Chinese yuan savings accounts that yield a maximum interest rate of 8%. The country’s second-biggest bank has been hit by the Western sanctions aimed at the total financial isolation of Russia over its war in Ukraine.

“In light of the rising dollar and euro exchange rates, many clients are showing interest in investing in other currencies, and the yuan is one of the most affordable and promising options for investing funds,” the bank said in a statement.

https://www.rt.com/business/551718-vtb-yuan-deposit-dollar-sanctions/



The west should eat their swift and dollar

They just made a huge mistake

Yaun would be backed by Russia oil, china goods
China allies In Africa, soon Saudi, Iran, Venezuela oil

Good development! Let the town criers of Ukraine continue to cry.
#SoreLosers

Nukilia:
Good development! Let the town criers of Ukraine continue to cry.
#SoreLosers

The west don't know they just Fred Russia economicaly

Hmmmm... The only country loosing here is Ukraine... Others will loose and still gain more but you see this Ukraine their lose na back 2 back. They didn't tell him inner circle deal before setting him up for this war. May God comforts the families loosing their loved ones both Nigeria and Ukraine

HitbackIIback:
Hmmmm... The only country loosing here is Ukraine... Others will loose and still gain more but you see this Ukraine their lose na back 2 back. They didn't tell him inner circle deal before setting him up for this war. May God comforts the families loosing their loved ones both Nigeria and Ukraine

Exactly

Biggest winner china
Biggest loser Ukraine

HitbackIIback:
Hmmmm... The only country loosing here is Ukraine... Others will loose and still gain more but you see this Ukraine their lose na back 2 back. They didn't tell him inner circle deal before setting him up for this war. May God comforts the families loosing their loved ones both Nigeria and Ukraine

useless noise shat up!

Suspects:
useless noise shat up!

Run oh Russian soldiers are coming oh. Lol

HitbackIIback:
Hmmmm... The only country loosing here is Ukraine... Others will loose and still gain more but you see this Ukraine their lose na back 2 back. They didn't tell him inner circle deal before setting him up for this war. May God comforts the families loosing their loved ones both Nigeria and Ukraine

The same Russia nor loss their military abi?
Do you know how many top military way Russia don loss? And come to think of it so without China Russia can't stand on their own?
Russia is like Nigeria.... They have gas and still yet other countries without gas are even better..... How many countries are using the Yuan we're talking about? If China collapsed now there will be no Russia.... No matter what Russia is still going to suffer for the innocent lives they destroyed... God nor dey sleep

HitbackIIback:

Run oh Russian soldiers are coming oh. Lol

noise!

This is all rubbish, this was how one President says he will go and arrange for trade by barter with China to avoid dollar, where are we today? Worse than he met us. China has no free gift. Chinese are more wicked than our colonial masters.
Any pesin wen no dey go church fear ram

Russia communist Republic of China

ken6488:
Yuan deposits replace dollar and euro in Russian banks

With Russia now officially cut off from both the US dollar and the euro, the state-owned VTB Bank has offered its clientele the opportunity to open Chinese yuan savings accounts that yield a maximum interest rate of 8%. The country’s second-biggest bank has been hit by the Western sanctions aimed at the total financial isolation of Russia over its war in Ukraine.

“In light of the rising dollar and euro exchange rates, many clients are showing interest in investing in other currencies, and the yuan is one of the most affordable and promising options for investing funds,” the bank said in a statement.

https://www.rt.com/business/551718-vtb-yuan-deposit-dollar-sanctions/



The west should eat their swift and dollar

They just made a huge mistake

Yaun would be backed by Russia oil, china goods
China allies In Africa, soon Saudi, Iran, Venezuela oil

This is best explained as consoling oneself with mediocrity by hating on what you know is best but unfortunately out of reach.

godliman:
This is all rubbish, this was how one President says he will go and arrange for trade by barter with China to avoid dollar, where are we today? Worse than he met us. China has no free gift. Chinese are more wicked than our colonial masters.
Any pesin wen no dey go church fear ram

sotall:




This is best explained as consoling oneself with mediocrity by hating on what you know is best but unfortunately out of reach.

Their romance with yuan will soon end.

I wish Nigeria gets the opportunity to stand independent from these western fvckers

godliman:
This is all rubbish, this was how one President says he will go and arrange for trade by barter with China to avoid dollar, where are we today? Worse than he met us. China has no free gift. Chinese are more wicked than our colonial masters.
Any pesin wen no dey go church fear ram

Lol.so u actually think China will outdo Russia as they'redoing in Africa? U hear say na loan Russia wan collect? U want to compare bussiness relations between China, Russia and China Nigeria?
China will do and undo in Nigeria.
Nigeria get level? Wat are we bringing to the table?
Why won't china treat us any how wen we don't regard ourselves.

“Aaron shall burn on it sweet incense every morning; when he tends the lamps, he shall burn incense on it. And when Aaron lights the lamps at twilight, he shall burn incense on it, a perpetual incense before the Lord throughout your generations.
Exodus 30:7‭-‬8 NKJV
https://bible.com/bible/114/exo.30.7-8.NKJV

Let's Pray
Heavenly Father, we praise Your name today, we are here for Your Word and we ask that You teach us through Your Holy Spirit. Purify and dedicate us unto Yourself and take all the glory. Thank You Lord for it is done according to Your will in the name of Jesus. Amen.

Dear Followers of God,
There are many people professing to be Christian but find it hard to say a word of prayer even once a week.
This passage presents a picture of daily offering of incense to God at twilight. God says it should be perpetual throughout all generations.
The incense can be likened to our praises and adoration which we render to God. I like your this version translates this as sweet incense. It has to be heartfelt not perfunctorily.
Bring back to mind the the good things good had done over the years and thank Him for it.
Hear the psalmist - Psalms 63:6
[6]When I remember You on my bed, I meditate on You in the night watches.
Even if it seems like your present circumstance is in the red, remember the good the Lord has done in the past and be sincere.
Peace.