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Simplifying: contrary to popular (western) opinion, there are countries outside of the US/EU sphere of influence that still trade with Russia, Cuba, etc. And US
by eyko 5y ago
Simplifying: contrary to popular (western) opinion, there are countries outside of the US/EU sphere of influence that still trade with Russia, Cuba, etc. And US/EU haven't completely stopped trading with (nor in) Russia.
- ajuc 5y agoCuba and similar countries are almost completely irrelevant for USD-RUB exchange rate. RUB keeps part of its value mostly because west still buys fossil fuels from Russia.
- rosndo 5y agoEven China, India and UAE are heavily restricting trade with Russia. None of my banks in these countries are accepting transfers from Russia. My fixers in Russia confirm the same, and say the best they can do is exchange money into cryptocurrency via Kyrgyzstan. Pretty sure everything but oil/gas/metals has been pretty much entirely cut off.
- muzani 5y agoApparently China still trades with them ("barley and consumer goods") but they're not proud of it: https://www.scmp.com/economy/global-economy/article/3169114/china-russia-trade-continues-despite-western-sanctions https://www.scmp.com/economy/global-economy/article/3169114/... I believe the global economy has lockdown fatigue thanks to COVID and even the sanctions may not be as tight.
- hackernewds 5y agoChina. UAE. Goldman Sachs https://www.nbcnews.com/politics/politics-news/goldman-sachs-profits-ukraine-war-loophole-sanctions-rcna19584 https://www.nbcnews.com/politics/politics-news/goldman-sachs... Where there are crumbs there will be birds.
- ThePowerOfFuet 5y ago>Where there are crumbs there will be birds. This is wonderful.
- luckman212 5y agoIf the crumbs are poisonous, the birds may die.