Russia and China bilateral trade moving to the Yuan, gradually replacing the US dollar

[QWECXZ]

Short term, Iran is one of the beneficiary for sure.
Long term, I am not so sure about Iran and China loss versus gain if you put chain reaction from EU, US and world order into consideration.

Ukraine crisis created an example that strong nation can conquer weak one as long as it benefits the former country.

Ukraine is a former Soviet country, but still an independent country. I don't deny the close culture and shared history between Russia and Ukraine, also I am totally aware of the dirty tricks US and EU played in past 31 years in Ukraine.

I fully understand Russia concerns, especially security concerns. But still it broke the world order after WW2, which base on UN principles.

Pandora's box is open, we can ignore it and pretend everything is the same as before.

I believe Iran is one of the beneficiaries no matter what. Be it short term or long term.

There is no way that this thing can affect us negatively. Our relations with the West have reached the lowest possible point since 2009 and our relations with Russia are not that great either. Be it short term or long term, Iran is definitely on the winning side of this conflict no matter what happens.

And the US has been invading weaker nations for decades, particularly in the Middle East. And Russia had done this before both in the Crimea and Georgia. So, in that regard, nothing has changed.

 

[Song Hong]

I believe Iran is one of the beneficiaries no matter what. Be it short term or long term.

There is no way that this thing can affect us negatively. Our relations with the West have reached the lowest possible point since 2009 and our relations with Russia are not that great either. Be it short term or long term, Iran is definitely on the winning side of this conflict no matter what happens.

And the US has been invading weaker nations for decades, particularly in the Middle East. And Russia had done this before both in the Crimea and Georgia. So, in that regard, nothing has changed.

The Jews will not let Iran off hook. Iranians has been stooging and begging for peaceful and Jews condescendingly say NO, unless Iran prostitute her own people.

 

[QWECXZ]

The Jews will not let Iran off hook. Iranians has been stooging and begging for peaceful and Jews condescendingly say NO, unless Iran prostitute her own people.

Iran is not Vietnam that is in the prostitution business. And Jews can cry all they want, but once their protectors (i.e. the Europeans) are busy killing each other, no one is going to come to their help. And it seems that Europeans will be very busy soon.

 

[Beast]

It's true. But US started war against many countries, but no annexation of territory.

Israel did, but it's small.

Ukraine is as large as UK and Germany combined.

I think you missed the point. US think they are right to judge who is bad and they are good. Then they decide to take their own action and remove so called bad without approval from UN.

So when Russia learn them. US not happy about it and claim Russia is wrong. So American standard become the UN standard? Annex or not, is not the point.

 

[vi-va]

I think you missed the point. US think they are right to judge who is bad and they are good. Then they decide to take their own action and remove so called bad without approval from UN.

So when Russia learn them. US not happy about it and claim Russia is wrong. So American standard become the UN standard? Annex or not, is not the point.

True.

But smaller countries worried their own security and territorial integrity, that's natural and reasonable.

US will steal your money, threaten you, instigate riots, color revolution, blackmail you, spy you, but they do have a basic principle that they don't take your country away, they don't want to merge your country with US, they don't want your refugees.

Otherwise, US can easily bomb Mexico, take their country. I believe most Mexicans are willing to be Americans, they don't have any loyalty to Mexico at all. But US refused to do that in past decades.

Or US can take Canada, they are ruling Canada indirectly, but not directly. I don't think Canada can resist US invasion if US do what Russia did on Ukraine.

US is not a territory hunger country, they are interest motived, they are capitalists, they are bad, but they do not take your country, and announce your country is mine.

I don't defend US, I do understand Ukraine is part of Soviet, I do understand Russia's concerns, and it's reasonable to some extent.

But if Russia feel they are victim, and they should take back what they lost, that's completely another thing.

By Russia logic:

1. Turkey should take back Balkan including Greece
2. Greece should take back the Anatolian Plateau.
3. Turkey should take back all territory of Ottoman, including Crimea, Saudi Arab, North Africa.
4. Russia should take back Central Asia.
5. China should take back Okinawa and Korea, as well as Vietnam
6. Germany should take back land from Poland, Alsace–Lorraine as well as Austria
7. Native Americans should take back America
8. Native Australians should take back Australia
9. Dravidians should take back India subcontinent.
10. Africans should take back Eurasia.
11. Homo sapiens should take back the whole world.

What do you think?

@Joe Shearer, I found the book mentioned by @SIPRA
India’s Envoy to China 1961–63 P K Banerjee’s China Days

 

[vi-va]

Iran is not Vietnam that is in the prostitution business. And Jews can cry all they want, but once their protectors (i.e. the Europeans) are busy killing each other, no one is going to come to their help. And it seems that Europeans will be very busy soon.

1. WW2 gave Iran the political space to get rid of imperialism.
2. Cold War strengthened Iran's geopolitical position, the west threatened Soviet to retreat from the North, the Azerbaijani area.
3. Soviet dismantlement freed the South Caucasus, created a buffer zone between Russia and Iran.
4. In post Cold War period, Afghanistan War weakened Taliban, a threat to Iran. The Iraq War weakened Iraq and removed Saddam, who is a threat to Iran as well.

New World Order is coming, great competition/confrontation is rising.

1. To those countries who can seize the opportunities, it's golden time.
2. To those countries who are ruled by stupid populists, it's bad time.
3. To those countries who are squeezed by Great Power, falling into geopolitical competition trap, it's tragic time.

Iran is a good player in past 100 years by records.

 

[Hamartia Antidote]

um...not quite Yuan

Russia, China agree 30-year gas deal via new pipeline, to settle in euros

Russia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance with Beijing amid Moscow's strained ties with the West over Ukraine.

www.euractiv.com

Russia, China agree 30-year gas deal via new pipeline, to settle in euros​

Russia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance with Beijing amid Moscow’s strained ties with the West over Ukraine and other issues.

Gazprom , which has a monopoly on Russian gas exports by pipeline, agreed to supply Chinese state energy major CNPC with 10 billion cubic metres of gas a year, the Russian firm and a Beijing-based industry official said.

 

[ZeEa5KPul]

Russia also needs the euro and the dollar.

Why? What use are currencies Russia can't spend?

 

[Communism]

um...not quite Yuan

Russia, China agree 30-year gas deal via new pipeline, to settle in euros

Russia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance with Beijing amid Moscow's strained ties with the West over Ukraine.

www.euractiv.com

Russia, China agree 30-year gas deal via new pipeline, to settle in euros​

Russia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance with Beijing amid Moscow’s strained ties with the West over Ukraine and other issues.

Gazprom , which has a monopoly on Russian gas exports by pipeline, agreed to supply Chinese state energy major CNPC with 10 billion cubic metres of gas a year, the Russian firm and a Beijing-based industry official said.

That was before EU freeze/confiscation of Russian Central Bank Euro reserves.

It's a whole new world since that happened.

China even stopped transacting with Russia in USD now due to those sanctions.

Euro is dead for use with Russia now for good.

People here are behind the news curve, events are moving fast guys.

 

[MultaniGuy]

Russia and China bilateral trade moving to the Yuan, gradually replacing the US dollar​

Saturday, February 26th 2022 - 09:54 UTC

Yuan already accounts for over 17% of trade settlements between China and Russia and over 12% of Russia's central bank international reserves

The Ukraine war which has impacted on Russian markets and particularly the plunge of the ruble, should not be a major cause of concern for China-Russia bilateral trade since a growing percentage of business is done with the Chinese currency Yuan, as the two countries move towards de-dollarization, according to financial circles in Beijing.

According to Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, China's goods trade with Russia soared 35.9% to US$146.87 billion in 2021, a record high, which also confirms that China remains Russia's top trading partner for twelve years running.

Likewise China's Commerce ministry stats show that energy imports from Russia surged 47.4% to 334.29 billion Yuan (US$ 52.93 billion) last year, 65.3% of China's total Russia imports

And the Yuan accounts for over 17% of trade settlements between China and Russia and over 12% of Russia's central bank international reserves, according to the bank and customs numbers.

In a fresh sign of the growing preference toward the Yuan, Gazprom Neft, the oil unit of Russian gas giant Gazprom, said it has become the first Russian company to entirely shift to Yuan settlements for fueling planes within China, Sputnik News reported on Friday. Likewise, by the end of the year for Chinese airlines operating in Russian airports.

Russia and China bilateral trade moving to the Yuan, gradually replacing the US dollar

The Ukraine war which has impacted on Russian markets and particularly the plunge of the ruble, should not be a major cause of concern for China-Russia bilateral trade since a growing percentage of business is done with the Chinese currency Yuan, as the two countries move towards...

en.mercopress.com

I hope Pakistan can join in this too.

 

[Hamartia Antidote]

People here are behind the news curve, events are moving fast guys.

Well the news every January for the last few years has been Russia and China have finally decided to use their own currencies in trade. So they do a lot of talking...

We'll see what happens next January.

 

[Communism]

Well the news every January for the last few years has been Russia and China have finally decided to use their own currencies in trade.

We'll see what happens next January.

China literally stopped all USD trade with Russia when the sanctions hit.

Same will happen with Euro trade if it hasn't already.

You are delusional.

 

[Hamartia Antidote]

China literally stopped all USD trade with Russia when the sanctions hit.

Same will happen with Euro trade if it hasn't already.

You are delusional.

Where did you see this?

​

 

[Communism]

Where did you see this?

​

China State Banks Restrict Financing for Russian Commodities

At least two of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, underscoring the limits of Beijing’s pledge to maintain economic ties with one of its most important strategic partners in the face of sanctions by the U.S. and its allies.

www.bloomberg.com

 

[Pakistan Space Agency]

Does moving to the Yuan somehow supposed to mean that the bilateral trade volume will now increase while Russia is heavily sanctioned by the West?

History suggests otherwise. It suggests countries under severe Western sanctions suffer from stunted growth for decades.