jhungary
MILITARY PROFESSIONAL
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1.) If China do not buy extra oil, that did nothing to alleviate Russian situation. At the current situation goes, Russia have a very small oil and gas production to China. For example. In 2020, China import 27.3 billions of oil from Russia bear in mind Russia export 150-200 billions of oil.China wont need to buy extra oil. it will buy what it has the capacity to process. I fit needs more money it will create it like all countries create money I the fractional banking system.
I down understand the question
There is not need for a guarantee.
Oil is still a small problem, gas on the other hand....EU import roughly 4 times more gas than China (EU imported 420 millions cubic meters while China is about 120). And Russia export for Oil and Gas industry to China total around 50 billions USD in 2021, and you can't really save Russia if you are talking about 50 billions. When Russia oil and gas industry itself touching 550 billions.
So no, you can't just buy what they buy and think that will do anything. It's not even touching it...
2.) You need to fill up your central bank whenever you send RMB overseas, unless you are thinking of printing some, the only other way is to buy USD (Or Euro, Or GBP) and putting it in your central bank reserve. Otherwise you are hollowing out your Central Bank reserve if, every RMB China send North for Gas and Oil is not being replaced.
3.) Lol. No need for Guarantee? That's not how this work.
Maybe you should try to buy stuff at Woolworths and tell the check out girl your bank card need no money in it to guarantee your purchase, and see if they call the cops......