Russian banks say they’ve run out of yuan as Chinese firms pull away from the nation
Well, well, well, it seems like Russia is facing yet another obstacle in its tumultuous relationship with China. Reports now claim that Russian banks have run out of yuan as Chinese firms are pulling away from the nation. This news comes as a blow to Putin’s aspirations of forming a strong alliance with China, which seems to be playing the long game and reaping the benefits at Russia’s expense.
The idea of the two countries being allies seems to be crumbling before our very eyes. China’s strategic maneuvering to distance itself from Russia reflects a larger truth: Russia may have overplayed its hand in its dealings with China.… Continue reading
John Q. Hosedrinker