Chinese Banks Send Shockwaves to Russia

Chinese President Xi Jinping awaits U.S. Secretary of State John Kerry, U.S. Treasury Secretary Jack Lew, and members of their delegation as they arrive on June 7, 2016, at the Great Hall of the People in Beijing, China, to attend a bilateral meeting following a two-day Strategic and Economic Dialogue between U.S. and Chinese officials. [State Department photo/ Public Domain]

According to a new report, Chinese state-owned banks will begin restricting financing for Russian commodity purchases.

Fox Business reports that this suggests “there are limits to Beijing’s support for Moscow as the Kremlin confronts severe economic sanctions over its attack of Ukraine.”

The report adds:

Offshore units of Industrial & Commercial Bank of China have stopped issuing U.S. dollar-denominated letters of credit for purchases of physical Russian commodities ready for export, while the Bank of China has also limited funding, according to Bloomberg News, citing people familiar with the matter.

Yuan-denominated letters of credit are still available for some clients, pending approval from senior executives.

The move comes after Russia launched a wide-scale invasion into Ukraine, shattering three decades of peace in Europe and eliciting a slew of condemnations and financial penalties from the U.S., European Union and other nations.

It was a surprising twist and points to potential cracks showing in the relationship between Moscow and Beijing. The two countries are frequently geopolitical allies who have united in the past against the U.S.; they have formed increasingly close bonds over recent years, with Russia a key supplier of energy to China.



  1. S­t­a­r­t w­o­r­k­i­n­g f­r­o­m h­o­m­e! G­r­e­a­t w­o­r­k f­o­r-E­v­er, ­S­t­a­y a­t H­o­m­e M­o­m­s O­R a­n­y­o­n­e n­e­e­d­s­ a­n e­x­t­r­a i­n­c­o­m­e. G­e­t s­t­a­r­t­e­d. Y­o­u o­n­l­y n­e­e­d­ a computer a­n­d a reliable c­o­m­p­u­t­e­r c­o­n­n­e­c­t­i­o­n­ s­o
     d­o­n’t g­e­t l­a­t­e t­r­y……. P­r­o­f­i­t­l­o­f­t­.­g­a

    1. S­t­a­r­t w­o­r­k­i­n­g f­r­o­m h­o­m­e! G­r­e­a­t w­o­r­k f­o­r-E­v­er, ­S­t­a­y a­t H­o­m­e M­o­m­s O­R a­n­y­o­n­e n­e­e­d­s­ a­n e­x­t­r­a i­n­c­o­m­e. G­e­t s­t­a­r­t­e­d. Y­o­u o­n­l­y n­e­e­d­ a computer a­n­d a reliable c­o­m­p­u­t­e­r c­o­n­n­e­c­t­i­o­n­ s­o d­o­n’t g­e­t l­a­t­e t­r­y…

      Read all about it here… 𝐏𝐑𝐎𝐅𝐈𝐓𝐋𝐎𝐅𝐓𝟕.𝐭𝐤

      1. S­t­a­r­t w­o­r­k­i­n­g f­r­o­m h­o­m­e! G­r­e­a­t w­o­r­k f­o­r-E­v­er, ­S­t­a­y a­t H­o­m­e M­o­m­s O­R a­n­y­o­n­e n­e­e­d­s­ a­n e­x­t­r­a i­n­c­o­m­e. G­e­t s­t­a­r­t­e­d. Y­o­u o­n­l­y n­e­e­d­ a computer a­n­d a reliable c­o­m­p­u­t­e­r c­o­n­n­e­c­t­i­o­n­ s­o d­o­n’t g­e­t l­a­t­e t­r­y…

        Read all about it here… 𝐏𝐑𝐎𝐅𝐈𝐓𝐋𝐎𝐅𝐓𝟕.𝐭𝐤

  2. We need to see it, to believe it, I still think their working together, to spread their terror across the globe. Wake the hell up America, before it’s to late for us.

          1. Is Putin a Conservative?
            He certainly is not a Communist.
            They do not allow individual ownership of the means of production.
            A stock market is blasphemy.

          2. It is the respect of super-leaders, not parties sir. BTW, Putin is a Communist, Trump a Capitalist. Trump is strong against aggressors and Putin would not mess with him. Biden is a little weakling. Wake up Bill.

          3. Putin is not a Communist.
            Communists do not allow the private ownership of the means of production or real estate.
            You are ignorant fool.
            Trump is a Capalist loser, his net keeps shrinking.
            How strong was Trump against Rocket Man, the red glare never even slowed down.
            Wake up Suzy, Putin’s 2022 victory will ensure Trump’s 2024 victory.
            Vladddy is Trump’s Daddy.

          4. Putin is a deranged killer!!! you need to get out of your mom’s basement and quit watching MANBC open your eyes and ears

      1. Deport all Liberal communist over to Russia and see how they like this shit.. Get their ass out of here. Since America is so bad . Fuck them

    1. No China and Russia are working together with President Trump, Modi, Kim Jung Un, to clean up our World. Putin is draining the swamp in Ukraine. And the swamp is not happy. They were all using Ukraine as their cash cow, pedophilia was rife and human trafficking Putin and the Alliance are targeting the Bio Weapon Labs No Civilians are being killed only crisis actors with make up looking like they have been terrorized. (Like when tehy posted fake photos during the lockdowns of people all on machines not breathing, turn sout the same photo was in Italy and New York and taken from a Movie

  3. Xi Jinping knows our afflicted president and his useless lackeys are China’s best path to allowing a China annexation of Taiwan. He also knows, this might be Putin’s last hurrah.

      1. I guess free Chinese or enslaved has no meaning to you. Our commitments to a free China is as binding as our commitments to South Vietnam and Afghanistan…. forget I mentioned it.

        1. The Gulf of Mexico and the Caribbean Sea are American waters up to the territorial waters of other nations.
          We even have military bases where the locals don’t want them.
          Right?

          1. WRONG! The Gulf of Mexico and the Caribbean are INTERNATIONAL WATERS up to the TERRITORIAL WATERS of the bordering nations. We even recognize economic zones.

            China HAS claimed sovereignty of the S. China Sea. Are you not aware of its Dash Nine Line? The US HAS NOT claimed the Gulf of Mexico or the Caribbean. Good try at deception.

            As for military bases, please name those not wanted by host nations outside of Guantanamo.

      2. Just like Tibet was before the PLA marched in and did a Ukraine on it. China wasn’t a country after the Dowager Empress in 1906. Mostly warlords.
        China need a ti be broken up into say5 countries. Taiwan isn’t theirs if anything Formosa belongs to the Japanese.
        China will crash and burn if it tries to take Formosa. Remember ( if you even knew it) The Nationalists worked with the apartheid government of South Africa, who hada nuclear arsenal. Part of the arsenal went to Isreal, guess who has the other part?
        China will be a country of glass if they try to invade Taiwan-Formosa.
        Guess why.

          1. Wow you are a real American…….lol to bad you live here and are allowed to spew your BS , go to Russia or China that you love so much and try doing it

  4. Do not believe the truthfullness of abovecoming from China,Everything the bidens have done for China, and yet they back Russia, and biden says nothing, WHY, he can’t they took money from China. All the restrictions Biden has lifted on China and all the business they has received from Biden this is the response from China. Leadership is awful and getting worse, his family corruption is now coming to the surface, WE NEED NEW LEADERSSHIP IN THE WHITE HOUSE,MORE BIDEN PERRY CORRUPTION,TO ENABLE PUTIN TO FINANCIALLY WIN HIS WARS AND BECOME THE ENERGY KING. NATURAL GAS THE “CLEANEST FORM OF ALL ENERGY” NOT GOOD ENOUGH FOR THE “GREEN NEW DEAL” ?WHY IT’S CALLED CORRUPTION. US informs Israel it no longer supports EastMed pipeline to Europe Washington informed Athens that they no longer support the EastMed project earlier this month. The US no longer supports the proposed “EastMed natural-gas pipeline” from Israel to Europe, the Biden administration has informed Israel, Greece and Cyprus in recent weeks. State Department officials conveyed the new position to the Foreign Ministry, a diplomatic source in Jerusalem confirmed Tuesday. The Foreign Ministry declined to comment on the matter. The reversal of position from that of the Trump administration was first reported in Greece earlier this month. Former US secretary of state Mike Pompeo and former energy secretary Dan Brouillette expressed US support for the pipeline when they were in office. But Washington informed Athens it was reversing course from the Trump administration in a “non-paper,” a diplomatic term for an unofficial, or off-the-record, communication this monthWho is making millions on these deals besides Putin? time for the investagations to start some one is putting billions in Putin pocket and they musy be getting part of that action.

    1. The Russians are not Communists. The USSR and the Communist Party died in 1990 and has never recovered. China is Communist. See why teaching basic history (current events) in school is important. Americans under 30 have little knowledge of history or what a Constitutional Republic is.

      1. China has the private ownership of the means of production and real estate.
        Communists do not.
        China is marginally Socialistic.
        The US has better Social Security than China.
        No country has ever lived under the visions of Marx and Engels.

    2. The Chinese are communist. Are you mentally ill? Evidently you are a Chinese pretending to be, say an American, Canadian, Russian, Human, Martian, Iranian nee Persian.
      Doesn’t matter you evidently have no clue. Say the great March of Mao who was a Commie. Sadly Nixon should not have alerted Mao about the assassination plot of Lin Pao. If Mao had been killed Chao En Li at least was somewhat an honorable man.
      The last 74 years might have been greatly different.

      1. Communists do not have stock markets or visible billionaires.

        The US has better Social Security than China.
        Mao defeated the Japanese in China.
        The last 74 years might have been greatly different if a lot of things happened differently.
        So what.
        Should we all wear woulda, coulda shoulda, glasses and prance around in fantasy?

    1. Very probably. Putin is a man of short sight. He is trusting China. China wants the minerals in Siberia. Guess who will probably move into Siberia someday soon. It’s not the Egyptians.

  5. S­t­a­r­t w­o­r­k­i­n­g f­r­o­m h­o­m­e! G­r­e­a­t w­o­r­k f­o­r-E­v­er, KJVU ­S­t­a­y a­t H­o­m­e M­o­m­s O­R a­n­y­o­n­e n­e­e­d­s­ a­n e­x­t­r­a i­n­c­o­m­e. G­e­t s­t­a­r­t­e­d. Y­o­u o­n­l­y n­e­e­d­ a computer a­n­d a reliable c­o­m­p­u­t­e­r c­o­n­n­e­c­t­i­o­n­ s­o d­o­n’t g­e­t l­a­t­e t­r­y…

    Read all about it here… 𝐏𝐑𝐎𝐅𝐈𝐓𝐋𝐎𝐅𝐓𝟕.𝐭𝐤

  6. China only appears to accommodate U.S sanctions and banking restrictions. In actuality, China and Russia will be hiding their trading behind crypto currencies.

  7. Both sides had nuclear weapons in 1956 Hungary invasion and 1968 Czechoslovakia. Not completely the same but shows what completely untethered dictators do. They don’t care. Now, we told them not to do it and he did it anyway. It boils down to do our commitments mean something or not. Even outside of Afghanistan we have little credibility. Everyone around the world have seen old Joe’s not in charge.

      1. Nothing to say make it gay.
        You should talk to your uncle about the fact that you really didn’t like it.
        You only did it because it felt good.
        It is not who you really are.
        Is it?

    1. What would Trump be doing in Ukarine if he could?
      Would he be sending in the Marines?
      Give us our next generation of war heroes for our kids to look up to?
      G. I. Joe, fighting man from head to toe.
      Put silver wings on my son’s chest, make him one of America’s best.
      They give you his coffin flag.
      No charge.

    1. The CIA has been outstanding at making sure we have many enemies.
      “Confessions of an Economic Hitman” would be a great book to start with

  8. China is nothing if not devious and duplicitous, and they are practical in their cynicism. A weakened Russia makes for a more advantageous trading relationship for China. Power swings their way. And if Putin is taken out by his own people, they will need China’s help in stabilizing Russia. Advantage China.

    Russia has a relatively small population and a huge land mass with lots of natural resources: lumber, oil, natural gas, etc. China would be happy to control Russia…maybe even replace Russian people with Chinese immigrants eventually, and Russia is right next door.They can wait on the Untied States. They already control the Democratic Party and get whatever they want from our traitors. China’s manifest destiny has always contemplated conquering Russia. Putin is a fool.

  9. That’s a start! What else are they up to you dont know about! Bidens made a mess out of everything! Biden caused this invasion from shutting down our XL pipeline.

  10. Dont believe everything you read. Xi is part of teh Alliance as is Russia. Russia went off the Swift Money system and are now Gold backed The banks will crash and so will the Stock exchange. Then Gesara will be launched World Wide. Unless of course the Cabal in China are worried about their little nest eggs?

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