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Chinese Banks Restrict Lending To Russia,
Dealing Blow To Moscow

Original Article

Posted By: Black Conservative Voice, 2/26/2022 5:32:30 AM

Two Chinese state-owned banks will restrict financing for Russian commodity purchases, suggesting there are limits to Beijing's support for Moscow as the Kremlin confronts severe economic sanctions over its attack of Ukraine. Offshore units of Industrial & Commercial Bank of China have stopped issuing U.S. dollar-denominated letters of credit for purchases of physical Russian commodities ready for export, while the Bank of China has also limited funding, according to Bloomberg News, citing people familiar with the matter.

Comments:

Don't forget China they are the biggest threat! If true, then it's mere camouflage! It is to dissuade the world of the notion that they(China) are in firm alliance with Russia, and to be accepted as the "good child" We know better!

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Reply 1 - Posted by: F15 Gork 2/26/2022 5:39:41 AM (No. 1083137)
Bad day in Black Rock when one commie can’t rely on another commie...
6 people like this.

Reply 2 - Posted by: Toby Ten Bears 2/26/2022 6:13:17 AM (No. 1083161)
I believe it because the media says it's true!
5 people like this.

Reply 3 - Posted by: minuteman 2/26/2022 6:56:18 AM (No. 1083196)
I am not an economist. Is this relevant: "...Bank of China have stopped issuing U.S. dollar-denominated letters of credit...Yuan-denominated letters of credit are still available for some clients..." Is this simply an opportune time to undermine the US dollar?
7 people like this.

Reply 4 - Posted by: lftrn97 2/26/2022 8:26:39 AM (No. 1083265)
Russian oil purchers are financing the war. Germany as usual worst offender but Biden is close.
2 people like this.

Reply 5 - Posted by: montwoodcliff 2/26/2022 8:31:16 AM (No. 1083268)
This is big. The Chinese are either waiting to see if Putin wins in the Ukraine or they now believe he’s lost. Why waste money on a loser. In my opinion this is going badly for the little megalomaniac. He has an army of draftees who wonder why they are there. What’s the point of it all if you can’t plunder, pillage and rape like all invading armies of the past 3000 years and bring home booty for yourselves as a reward for your conquest.
2 people like this.

Reply 6 - Posted by: chance_232 2/26/2022 8:58:38 AM (No. 1083296)
I would guess that this is being done for public consumption. Privately, behind the scenes, the cash and credit is flowing freely. Its in China's long term interests to have Russia "oweing them one".
2 people like this.

Reply 7 - Posted by: LC Chihuahua 2/26/2022 9:02:07 AM (No. 1083301)
China doesn't want to see a rebirth of the USSR any more than the US and Europe do. The Russia-China alliance is just a thin piece of paper.
0 people like this.

Reply 8 - Posted by: davew 2/26/2022 9:19:16 AM (No. 1083318)
Minuteman gets it. Russia and China are quietly cooperating to undermine the reserve currency status of the dollar and replace it with the yuan globally. This is a brilliant plan that explains the invasion. We are being duped by the MSM again like the Wuhan virus, 2020 election, and Jan 6 scams. Sad.
5 people like this.

Reply 9 - Posted by: TexaTucky 2/26/2022 10:05:51 AM (No. 1083366)
#3 - bingo
0 people like this.

Reply 10 - Posted by: paral04 2/26/2022 10:31:46 AM (No. 1083408)
That is a fake move. They want American idiots to think they are good guys. Don't fall for it.
1 person likes this.

Reply 11 - Posted by: snowoutlaw 2/26/2022 10:41:13 AM (No. 1083416)
Maybe they don't think Russia will be able to repay the loans?
0 people like this.

Reply 12 - Posted by: Rumblehog 2/26/2022 2:58:17 PM (No. 1083726)
A footnote on this article should state that Chinese banks aren't worth the paper they're printed on... and trying to stop printing with their leap into a 100% Digital Currency / Social Credit Scoring system.
0 people like this.

Reply 13 - Posted by: Faithfully 2/27/2022 8:42:16 PM (No. 1084990)
It is a Chess Game. Too bad for we pawns.
0 people like this.

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