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[return to "Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro"]
1. lawn+I5[view] [source] 2024-06-13 19:13:22
>>anigbr+(OP)
It's mentioned in the article, but the reaction to the sanctions seem fairly severe?

Russian banks went down en masse, the spread of foreign currencies was larger than the official numbers, and people were queuing outside the banks to withdraw money.

Of course, the Russian narrative is that this will hurt the west more than it will hurt Russia...

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2. mlindn+w63[view] [source] 2024-06-14 20:52:44
>>lawn+I5
I think this was also intended to help push the last foreign companies out of Russia. If they can't do currency exchanges easily then it increases reasons to get out of country.
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