₦airaland Forum

CoronaVirusPro:
Russia has already been crippled.

Better relocate to Russia now

If you have 100,000 Naira you will be living like a king!

Zimbabwean dollar is higher than Rubbles now

Economy has been crippled far before now. The final burial the west is doing now

Any country on earth I go to I am 1 percenter

Issokay

March 3, 202210:26 AM GMT+1
Last Updated 3 hours ago
Exclusive: Russian firms rush to open Chinese bank accounts
By Samuel Shen and Andrew Galbraith






3 minute read
Illustration picture of Chinese yuan
Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo

SHANGHAI, March 3 (Reuters) - The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country's businesses struggle with international sanctions after its invasion of Ukraine.

"Over the past few days, 200-300 companies have approached us, wanting to open new accounts," the person, who works at the Moscow branch of a Chinese state bank and has direct knowledge of its operations, told Reuters.
It was not clear how widespread Russian demand for new accounts at Chinese banks was, but the banker source told Reuters many of the companies seeking new accounts do business with China and that he expected yuan transactions by such firms to increase.

Western governments are shutting off Russia's economy from the global financial system, pushing international companies to halt sales, cut ties and dump tens of billions of dollars' worth of investments.

China has repeatedly voiced opposition to the sanctions, calling them ineffective and insisting it will maintain normal economic and trade exchanges with Russia. read more

A handful of Chinese state banks operate in Moscow, including Industrial & Commercial Bank of China (601398.SS), Agricultural Bank of China (601288.SS), Bank of China and China Construction Bank (601939.SS).

China Construction Bank declined to comment. The other three Chinese state banks did not respond to Reuters' request for comment.

A Chinese businessman with long-term ties with Russia, who also did not want to be identified, said several Russian companies he works with are now planning to open yuan accounts.

"It's pretty simple logic. If you cannot use U.S. dollars, or euros, and U.S. and Europe stop selling you many products, you have no other options but to turn to China. The trend is inevitable," the source told Reuters.

As a growing number of Western companies abandon Russia, the willingness of emerging market giants such as China to sustain business relations with Moscow highlights a deep rift over Europe's biggest crisis since the World War Two. That trend could threaten to chip away the dominance of the U.S. dollar in global trade. read more

https://www.reuters.com/business/exclusive-russian-firms-rush-open-chinese-bank-accounts-sanctions-bite-sources-2022-03-03/?taid=6220d47118c5730001d427b2&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Useless Democrats have been planning to cripple Russia for years now


https://www.youtube.com/watch?v=4d4rcoPulY4

Lies ...there is no 40k USD being given

https://www.youtube.com/watch?v=4d4rcoPulY4

See as this man mumu himself then

Please watch US democrat congress member say stuff that proves America is the agent provocateur in the Russia Ukraine crisis


https://www.youtube.com/watch?v=4d4rcoPulY4

Mooh247:
Only a fvcking loser hates on someone living their life the best they can, just because they are under achievers

We are talking about the poor leadership bof Buhari , Buhari signed up to be president and he needs to wake up and do his job please

Please feed them well

You no fine and you want make Dem post U

Mooh247:
Its not supposed to make sense to a black man with crab mentality...

Since you can't afford a vacation, others who can't should not go

Typical LOW IQ at work again ...they first thing they do is broke shame people ...so you think this about jealousy and vacation?

Cargoes stranded where?

Mooh247:
Buhari and his family paid their dues that why they can vacation anywhere in the world

He is a retired General, former head of state, former and current Minister of Petroleum 1970s and now, former military Administrator, and Military GOC

You can't succeed wishing others bad for working towards prosperity

Read what you wrote again and see if it makes any sense

Very True

Qoko:
No be that kind your account dem Dey do fraud, #ifydontgerrit #forgetbourrit

Una don start ..Always broke shaming people

Sharap CNN PUPPET

LordviccoDaGuru:
[s][/s]

Which cheap attention??

Am working for Buhari so am not jobless and am well paid. If u taught send me your account details I will feed u for 90 days.

https://www.nairaland.com/6984033/president-buhari-sent-me-100k

See above link Buhari sent 100k into my account that one is not my salary yet ooo talk more of my salary it will buy 5 lands in Asokoro and maitama Abuja.

e shock u abi??

Why 90 days ? add 1 more day so it's 91

Jackanda1:
A very unnecesary and needless war. Instead wooing and sweet talking ukraine( brother to brother), Putin decided to get emotional.
Such a baby

Every country around Russian wants to join NATO because of bullying and threats from Putin, but somehow its America's fault.

Even Russia wants to join NATO but is being blocked

NairaMaster1:
Common rag tag Islamic terrorists have finished Nigeria and you are here jubilating over Ukraine. I am sure your state is under siege of BH and Islamic bandits right now but you dinner is Ukraine.

Oh boy Dem send you to me ?

GT staff should be checked too , I noticed they always scheme and decimal balance of my account every Night

Because of an election you rigged for Buhari

Saxxon:
Keep your dirty mouth shut! You literally said that it's the end of the world and you made all kinds of false prophecies of how people should return to God for a cure to the virus. Now you're coming here to lie as if we didn't see your posts back then. This guy, I've always suspected something foul about you and you have just confirmed my suspicion

Never insult my Daddy GO again please .. respect yourself

Corona don't like the smell of smokeless gun powder

Lol..this is the end result of the feminization of men we have been warning about now Men can't fight war peacefully without the the feminized woke mob bringing in cancel culture

500 is too much for a baby conflict like this

These Ukrainians are very good in war propaganda sha

meobizy:
Spoken like a true Nairalander in poverty. Lol.

Abeg gerrat ..

meobizy:
I don't see yours making any more sense.

Gerrat ..I am sure you live in a house with rubber ceiling ooo yet na in be the first to try to broke shame people saying the truth

Hmmm

meobizy:
If she acted more she'd have the needed funds to survive the hardship.

Just look at foolish talk abeg