I mean Russia is back to bartering for goods the Ruble is struggling so hard.
I imagine the the reason China is ok with it is cause they view Russia as collateral that they can claim for their cheap labor force and supplies when they try to push their own economy out of so much manufacturing.
Similar to what they are doing in Africa but with a closer contract to push on since it’s closer and easier to control.
I suspect they’re- Russia- trying to pull a fast one, and china is okay because it won’t hurt them.
Maybe this gives Russians access to reserve currencies that are harder than the ruble.
I mean Russia is back to bartering for goods the Ruble is struggling so hard.
I imagine the the reason China is ok with it is cause they view Russia as collateral that they can claim for their cheap labor force and supplies when they try to push their own economy out of so much manufacturing.
Similar to what they are doing in Africa but with a closer contract to push on since it’s closer and easier to control.
China is ok with it because they will insist the Renminbi be used as the brics reserve currency.