This is Guka - The Oracle Speaketh Again...

wrongturn

Elder Lister
Yuan deposits replace dollar and euro in Russian banks

With Russia now officially cut off from both the US dollar and the euro, the state-owned VTB Bank has offered its clientele the opportunity to open Chinese yuan savings accounts that yield a maximum interest rate of 8%. The country’s second-biggest bank has been hit by the Western sanctions aimed at the total financial isolation of Russia over its war in Ukraine.

“In light of the rising dollar and euro exchange rates, many clients are showing interest in investing in other currencies, and the yuan is one of the most affordable and promising options for investing funds,” the bank said in a statement.




I think most countries soon enough will adopt yuan after all a big chunk of goods are sourced from china, no need of having an intermediary currency in between.

U.S. is slowly edging out it's soft power.
 

shocks

Elder Lister
I think most countries soon enough will adopt yuan after all a big chunk of goods are sourced from china, no need of having an intermediary currency in between.
True, once solar panels and lithium batteries which will be sourced from china replace oil, the dollar will be hit bad
 

wrongturn

Elder Lister
Israeli PM Advises Ukrainian Government to ‘Surrender’ and accept Moscow’s terms

One senior Ukrainian official claimed that Israel was “using the mediation as an excuse to justify the fact that Israel is avoiding transferring military aid to Ukraine or joining the sanctions slapped on Russia,”

Source: https://www.haaretz.com/israel-news...al-says-israel-s-mediation-useless-1.10668879 (official Israeli media)

A day later after backlash: https://www.cityam.com/israel-and-u...nsky-was-told-to-surrender-to-putins-demands/
 

Mwalimu-G

Elder Lister
An escalation of a kind after Russia fired hypersonic missiles into Ukraine. What is worrisome is that they were on target, destroying an ammunition depot.
 

wrongturn

Elder Lister
86.6% of Russians support the idea of launching an attack on a country of the European Union, including Poland, Estonia, Latvia, Lithuania, Bulgaria, the Czech Republic and Slovakia.
 
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