this post was submitted on 15 Aug 2024
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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.

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[–] [email protected] 129 points 4 weeks ago (5 children)

This is no problem for Russia since their economy is booming! As the tankies on Lenny repeatedly has reminded me, sanctions has no effect att all!

[–] [email protected] 17 points 4 weeks ago (4 children)
[–] [email protected] 14 points 4 weeks ago

The Russian version of Lemmy

...or auto correct 😁

[–] [email protected] 12 points 4 weeks ago (1 children)

The guitarist from Notörhead

[–] [email protected] 7 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

Lenny Kilnister?!

!Also, Lemmy played bass.!<

[–] [email protected] 4 points 3 weeks ago

Technically still a guitarist

[–] [email protected] 7 points 4 weeks ago* (last edited 4 weeks ago)

For some reason it's really hard to teach Gboard not to autocorrect Lemmy to Lenny.

[–] [email protected] 15 points 4 weeks ago

They started buying weapons from N Korea with goats. Nothing signifies a strong economy like hocking food.

[–] [email protected] 10 points 4 weeks ago (2 children)

War Economy is still economy. Right? RIGHT?!

[–] [email protected] 8 points 4 weeks ago (1 children)

laughs in American post-WW2 propaganda

I assure you that a handful of well-positioned arms dealers in Russia are getting extraordinarily wealthy. I just wouldn't want to be one of the kids of a 20-something young man who has been shipped to the front right now, cause they're growing up broke as shit.

[–] [email protected] 6 points 4 weeks ago (1 children)

I mean they were broke as shit before, Russia has been broke as shit since the 90s.

[–] [email protected] 2 points 4 weeks ago

'91 is the year that privatization started in earnest.

[–] [email protected] 4 points 4 weeks ago

The most booming economy.

[–] [email protected] 6 points 4 weeks ago

Some people have likened the economic growth that Russia is experiencing like that of the US' post war boom. So, some analysts believe that Russia will be okay for the foreseeable future. I don't want to sound coping and I still leave room for imagining other possibilities (the war is still unpredictable after all), but those analysts haven't considered that 1) USA became the sole major free market economy untouched after World War 2 and the rest of the world became reliant on US as the result. 2) USA has not been sanctioned during and after the war by major Western powers, unlike Russia is today.

[–] [email protected] -5 points 4 weeks ago (1 children)

Russia has already won.

Economy. War.

Wars.

Democracy.

GDP.

Everything.

[–] [email protected] 3 points 3 weeks ago (1 children)

Why the hell are people downvoting this one, it seems pretty obvious that it's sarcasm

[–] [email protected] 1 points 3 weeks ago

Granted it does not follow the 3+1 joke formula.