577
submitted 1 week ago by MicroWave@lemmy.world to c/world@lemmy.world
  • Russia's yuan reserves are nearly depleted due to Chinese banks' fear of US sanctions.
  • Lenders have urged Russia's central bank to address the yuan deficit, causing the ruble to drop.
  • China's hesitance stems from US threats of secondary sanctions over Russia's Ukraine war financing.
you are viewing a single comment's thread
view the rest of the comments
[-] mindlight@lemm.ee 25 points 1 week ago

Well... India is still a partner so Putin still has that...

[-] fuckingkangaroos@lemm.ee 33 points 1 week ago

India is taking advantage of the situation.

It's understandable that a developing country wants cheap energy, also genuinely sad the world's largest democracy is funding a dictator's barbaric land grab.

[-] Saleh@feddit.org 34 points 1 week ago

"world's largest democracy" run by a fascist, who embraces pogroms against the Muslim minorities and assists Israel in its genocide against palestinians, including sending India troops there.

Of course Israel is best buddies with Modi in the same way they sold drones to Russia after the Crimea annexation, which later helped Russia bomb Ukraine during the main invasion. Neither country is a liberal democracy, nor do they share interests with "the West" past their own immediate advantage.

[-] mindlight@lemm.ee 16 points 1 week ago

India is financially supporting colonization of Ukraine by doing business with Russia.

India is supporting colonization.

[-] BakerBagel@midwest.social 9 points 1 week ago

All India cares about is getting oil and gas for as cheap as possible. Russia has limited markets they can sell their oil to, so India now has tons of leverage and can set their own price. India has their own territorial conflicts with Pakistan and China that they need to worry about. They dont care what Russia does so long as they keep getting cheap oil.

[-] ABCDE@lemmy.world 1 points 1 week ago

The boot is on the other foot now, I guess.

[-] ABCDE@lemmy.world 2 points 1 week ago

They were taken advantage of previously; as fucked as it all is, they have no reason to care.

load more comments (3 replies)
this post was submitted on 07 Sep 2024
577 points (98.2% liked)

World News

38526 readers
1991 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS