Russia Claims “Unprecedented” US-EU Pressure As China Banks Stop Accepting Payments From Firms

Moscow slammed the West for putting "unprecedented pressure" on Chinese banks accepting payments from Russia. Russian companies with business interests in China are reporting significant payment bottlenecks. Kremlin spokesperson, Dmitry Peskov, called the pressure “problems” but said that it “cannot become an obstacle.” On March 21, the Izvestia newspaper reported that some Chinese lenders had stopped accepting payments in Chinese yuan from Russian companies. Watch the video to find out more.
#westernsanction #chinesebanks #worldnews
0:00 - INTRODUCTION
01:23 - HOW WEST IS BLOCKING RUSSIA-CHINA TRANSACTIONS
03:18- RUSSIA-CHINA ECONOMIC RELATIONS

n18oc_world n18oc_crux

CRUX is your daily video news guide to the big events that are shaping our world. We track news, geopolitics, diplomacy and defence strategies and explain how they shape national policies. Crux makes sense of global developments, and analyses their impact on daily lives.

Also watch:

[supreme]

The classic "divide and conquer" strat

[DK-yzxk]

LMAO calm down indians, anybody thinking china would ever bow to western pressure is hilarious. the dude is saying theres alot of pressure on china, not china bowing to nobody

[nukestrom]

Just bypass the banking system. Use commodities instead.

[nukestrom]

China is not an ally but just a partner. India is just the same. Russia should have developed its own banking system and high-tech sector without relying on globalism. This is true for any country that wants to follow an independent policy on both domestic and international matters.

[borangsamsondr]

😂😂😂😂😂😂...China is fooling US like the Chinese Balloon.

[antonywooster]

2:27 I don't understand how the US knows about transaction taking place, in Yuan, in a Chinese bank.

[zarticlife]

Do you hear that? That's a 100 foot iron curtain coming down for decades to come. Most of us will probably be dead before we ever see the other side.

[makegaminggreatagain]

"In December, The U.S introduced tougher sanctions" You mean the tough sanctions that should've been implemented in the first week of the SMO 2022? Incompetence.

[antonywooster]

4:14 I would imagine that Russian companies could pay Russian banks in yuan, or pay the Chinese central bank (which I am sure has a branch in Moscow). Sounds like a non-problem.

[bard]

A hassle than a hindrance. Will backfire the West in the long run.

[franciscohernandez]

The Indian prepares on all combat flanks

[corvanna]

What is the problem? I keep hearing sanctions don't work, so why whone about sanctions?

[brendashotwell]

There it is, China and Russia have bonded!

[francoislechanceux]

If it can't become an obstacle then why are you whining?

[alexbakker]

It's time for Putin to put on his high heels and stand tall.

[yleddri]

How come China & Russia cannot use their nation currency ?

[Mattism]

VP - Sanctions aren’t working.
USA & the West - 😁

[tanksmakau]

Russia have a way of surviving all problems.

[svetlanaivnitskaya]

Good to see the screws being tightened to pressure Puty to end this evil monstrous war!

[patriotalbanian]

Us companies are expensive I bought with 100 dollar from Amazon something and same think I can buy from china market with only 35dollar ?what should you choose cheap Chinese one or American expensive