Almost all Chinese banks, even small regional ones, are refusing to accept direct transactions from Russia, business execs have told Russian media.

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.

  • DaddleDew@lemmy.worldEnglish
    1·
    4 months ago

    Between that, his US lap dog Trump looking like he’s going to lose the elections badly, and Ukraine taking control of more Russian territory in a week than they have been able to take from Ukraine in months, Putin is definitely not sleeping well right now.

    • Crewman@sopuli.xyzEnglish
      2·
      4 months ago

      Nobody thought Trump would win the first time, Ukraine is still in rough shape, and this could be a new way to avoid sanctions. I like the optimism, but there are reasons to be skeptical.

    • UnderpantsWeevil@lemmy.worldEnglish
      01·
      4 months ago

      his US lap dog Trump looking like he’s going to lose the elections badly

      Eh, we’ll see. Trump’s “crushing defeat” of Hilary came down to 80k votes in three states. Biden’s “decimation” of Trump was an even-thinner 40k votes across a slightly different mix of three states.

      Dems love to snatch defeat from the jaws of victory. Just ask OG Tankie Michael Dukakis, Professional Wife-Kisser Al Gore, and Future First Woman President Hilary Clinton. All three gave up wide margins in the last few weeks of the race.

      Would be nice to see Dems run up Reagan/LBJ-esque margins in 2024, but even the best polls still have Kamala in an electoral dead heat despite being miles ahead in the popular vote. She could very easily get Bush v Gore’d in some swing state with a red governor like Georgia or North Carolina or Nevada.

      • Fades@lemmy.worldEnglish
        1·
        4 months ago

        Yes, DO NOT GET COMFY, VOTE NO MATTER WHAT.

        Now that I got that out of the way, yes yes yes, it can always be close and I think it will be just like it was close even in 20 goddamn 20, but here’s the thing.

        Since the 2020 election:

        • january 6
        • asking for more votes than he had from governors
        • stole confidential docs, lied about it, refused to give it up, was raided and still docs are missing, nuclear secrets shared to fat fucking foreign oligarchs simply because they paid to hang out at MAL. Many of America’s informants and spies started getting captured in disturbing trends out of nowhere…
        • SA/Rape case with EJCarrol (judge officially wrote Donny was civilly liable for digital rape because she couldn’t prove it was his penis vs his finger), the multiple defamation cases that followed
        • Felony conviction for election interference
        • RICO case in Georgia for trying to steal votes
        • Killed Roe precedent
        • project 2025
        • extreme side-effects of his frontotemporal dementia impossible to ignore by even laypeople
        • He has said he will be a dictator on day 1
        • Spoke about wanting to split up NATO
        • Told Netanyahu to finish the job
        • Clearly loves Putin, Xi, Kim, Maduro, etc. (dictator fascists, what he dreams of becoming)
        • Switches views based on who is paying him (asked oil barons for a billion dollars to destroy whatever regs they wanted, Elon starts donating and Trump tells us he has to shill for EVs now, hated TikTok until Thiel (who owns stock related to TT) talked him into supporting it

        I’m happy to provide sources on any of the above points :)

      • frezik@midwest.socialEnglish
        0·
        4 months ago

        It’s not just that Dems have to win by +5% to make sure the Electoral College matches the popular vote, either. Now it almost has to be +7% to +10% to keep Republican election officials from contesting the result and it mattering in the end.

        The Electoral College was bad enough. Its only justification is “whelp, them the rules”. Now Republicans made up a new set of rules and expect us to follow them.

        OG Tankie Michael Dukakis

        I was too young to have memories of the Dukakis run. Was he actually a tankie in the Hexbear sense, or are you just referencing that picture of him riding a tank?

        • UnderpantsWeevil@lemmy.worldEnglish
          01·
          4 months ago

          are you just referencing that picture of him riding a tank?

          That, yes

          Although, it’s curious to see people draw the line between “Neoliberal/Neocon warhawk” and “Guy on the Internet who likes Stalin”.

          Get under the hood, and the real distinction is economic policy, not military policy. They’re both big fans of kicking people’s teeth in to get their way.